BHC aims to mitigate P14.5m profit slump

According to the group’s unaudited results for the six months ended September 30, 2022, the corporation attributed the decrease to an increase in operating expenses and financing costs.

The group’s operating costs also increased year on year on the back of increased repairs and maintenance. Commenting on the results, BHC's acting CEO Nkaelang Matenge said during the period under review, they did not start any project and it has affected the rate of capitalisation to projects of both interest expenses and staff costs resulting in an increase in interest expenses year on year by 24% to P18 million.