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BTCL expects higher profits

Wednesday, June 19, 2024 | 460 Views |

Better times: BTCL expects improved profits for the year ended March 2024 PIC MORERI SEJAKGOMO

The Botswana Telecommunications Corporation Limited (BTCL) expects its pretax profits for the year ended March 2024 to be as much as P55 million higher than the previous reporting period.

In an announcement to investors via the Botswana Stock Exchange (BSE), BTCL directors said pretax profits for the year were expected to be between 32% and 37% higher than the P148.5 million recorded in the year ended March 2023. The results are due to be announced on or before June 30.

The latest announcement gives hope to shareholders that they will receive an improved final dividend from the telecomms firm, above the 2.05 thebe they were awarded in the half year.

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BTCL expects higher profits

The Botswana Telecommunications Corporation Limited (BTCL) expects its pretax profits for the year ended March 2024 to be as much as P55 million higher than the previous reporting period.

BCP eyes student vote revival

UB politics shapes future leaders

DIS officers seek tribunal authority over Magosi

DIS officers reject Magosi’s defence over P7.4m payout

DIS in P 1.5m employees money theft accusation

Botswana bets on gas mining boost for flagging economy

Mupane creditors grow uneasy as appeal drags on

UDC NEC to reconvene post leadership changes

Botswana must not be a flag of convenience for rogues