BTCL unfazed as profits drop

Wednesday, July 03, 2019

The Botswana Telecommunications Corporation Limited (BTCL) is unruffled by a 15% drop in pretax profits to P196.7 million, as directors say they expect the group’s “significant” investments in its network in the past few years to monetise this year.

Commenting on the group’s results for the year ended March 31, 2019, BTCL directors said margins had come under pressure due to restrained consumer spend.

This had resulted in a 12% decline on the mobile business “despite the introduction of new products and services in the market and other initiatives to promote uptake”.

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