BDC doubles profits to P224m

Wednesday, December 07, 2016

The Botswana Development Corporation (BDC) said it doubled its profit before tax (PBT) for the year ended June 2016 after embarking on a transformation journey two years ago.

The corporation, which is the government’s investment arm, posted overall PBT of P224 million in the year to June, which is a 104% increase from P110 million a year earlier.

BDC’s drive to increase its profile saw it instituting a major review of the business under the re-modelling programme in order to address major challenges facing the business.

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BDC doubles profits to P224m

The Botswana Development Corporation (BDC) said it doubled its profit before tax (PBT) for the year ended June 2016 after embarking on a transformation journey two years ago.