BAMB records net loss despite higher volumes

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Despite the Botswana Agricultural Marketing Board (BAMB) realising an increase in volume of business in 2007, the parastatal failed to translate this growth into profit.

According to its annual report for 2007, BAMB registered a net loss of P3, 541, 805 as compared to a P1, 020, 986 net profit recorded in the same period in 2006.

In the financial results for the year ended 31 March 2007, the Chief Executive Officer for the parastatal Masego Mphathi says there was an increase in sales of 22.5 percent from P40, 098,565 in 2006 to P49, 539,416 in 2007.

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