BDC bounces back to profitability
Wednesday, December 09, 2015
![Gaetsaloe](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2015/december/09/php6B45.tmp.jpg&w=400&q=72&f=jpg&t=1)
Gaetsaloe
Buoyed by increased revenues, reduced expenses as well as a P60 million injection from subsidiary divestments, the government investment arm registered a profit of P110 million before tax, at company level, from a loss of P67 million in the corresponding period.
At group level, which factors in the corporation’s approximately 46 subsidiaries, revenues rose 19 percent to P340 million pushing profit before tax to P247 million from P36 million in 2014.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...