BHC aims to mitigate P14.5m profit slump
Monday, November 21, 2022 | 140 Views |
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.
The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...