mmegi

Furnmart cautious as profits take 50% dip

Furnmart PIC: PHATSIMO KAPENG
Furnmart PIC: PHATSIMO KAPENG

Botswana Stock Exchange listed Furnmart’s profit after tax as dropped by 50.6% from P130 million to P64.6 million for the year ended March 31, 2022.

The group bemoaned the harsh trading environment noting that their sales growth measured against the high comparable base of the prior year has been sluggish.

Commenting on the results, Tobias Mynhardt said sales growth recorded in the prior year was strong, after the lifting of the hard lockdown periods. “Gross profit margins remain under pressure and have declined compared to the prior period.

Editor's Comment
WUC must fix its pipes, not just say sorry

“Clean water, the essence of life and a birthright for everyone, must become available to all people now.”– Michel CousteauWe see notices for Block 6, Extension 11, Gaborone, Francistown; the list grows every week. It is good that WUC warns consumers, but so many warnings point to a deep problem. Water pipes are old and falling apart. And the people who pay the bills are the ones suffering.When a main pipe bursts, taps run dry. Families in...

Have a Story? Send Us a tip
arrow up