BHC profits up seven-fold
Tuesday, December 12, 2023 | 980 Views |
![Core business: BHC's main revenues come from rentals and sales of units PIC: BHC.BW](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/12/12/94982.jpeg&w=800&q=72&f=jpg&t=1)
Core business: BHC's main revenues come from rentals and sales of units PIC: BHC.BW
In a notice to the Botswana Stock Exchange, the Corporation noted that the improved performance was powered by rental revenues, which rose by P30 million to P169 million. The rental revenues were in turn supported by a P29 million subsidy from government received during the period.
The BHC secured approval to annually hike its rental to market levels from government in 2020, but the increases for 2023 and 2024 were suspended to help Batswana recover from COVID-19’s financial impact.
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