the monitor

Bofinet posts P12m pretax profit

BOFINET office
BOFINET office

BoFiNet, the country’s wholesale telecoms infrastructure provider, has posted a pretax profit for the year ended March 31, 2024, an improvement from the loss it recorded in the previous year.

On the other hand, its total revenue grew marginally by one percent to P485 million, while operating profit nearly doubled, supported by cost containment measures and new project rollouts.

The parastatal recorded a pretax profit of P12 million during the reporting period, which was better than the P7 million loss it made in the full year 2023.

Editor's Comment
Child protection needs more than prevailing laws

The rise in defilement and missing persons cases, particularly over the recent festive period, points not merely to a failure of policing, but to a profound and widespread societal crisis. Whilst the Police chief’s plea is rightly directed at parents, the root of this emergency runs deeper, demanding a collective response from every corner of our community. Marathe’s observations paint a picture of neglect with children left alone for...

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