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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