BancABC narrows losses

Tuesday, April 05, 2016

ABC Holdings Limited, the parent company to BancABC, narrowed losses it incurred in the first year of its acquisition by Atlas Mara Limited in July 2015.

This is evident from its preliminary group results for the year ended December 31, 2015. In comparison with its previous year’s performance, the group recorded an improvement of attributable loss of $0.6 million (P6.51 million), from the reported loss of $48.6 million (P527.23m) in 2014.

The group’s acting chief executive officer, Blessing Mudavanhu said while challenging, the first year of acquisition has been met with considerable success.

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BancABC narrows losses

ABC Holdings Limited, the parent company to BancABC, narrowed losses it incurred in the first year of its acquisition by Atlas Mara Limited in July 2015.

Disc, license renewal requirements waived amid system failures

This is not reversal born of weakness- Salakae

Batlokwa reject Tlokweng expansion plan

Enough is enough – Kgosi Gaborone

CoA dismisses Meswele convicts' appeal against 40-year imprisonment

‘Insurance killer’ case leaves family in ruins

Serowe police probe Mogorosi tragedy

Man found seriously injured by Letlhakane roadside

BPF should get house in order