Higher costs weigh down Imara financials

BSE-listed finance house, Imara Holdings, has released a weak set of interim results for the period ending 31 October 2010, in which they registered a P5.1 million loss despite revenue growing by 5 percent to P47.2million.

During the comparative period in 2009, the group made a profit of P6.3m.

In a statement accompanying the results, management says the loss includes certain non-recurring expense items, namely, re-branding and a share of prior year losses from a Malawi associate totalling P1.62mn.

Editor's Comment
Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

Have a Story? Send Us a tip
arrow up