Higher costs widen BotswanaPost losses

Motau .PIC: KENNEDY RAMOKONE
Motau .PIC: KENNEDY RAMOKONE

Despite a rise in revenues, BotswanaPost’s losses widened to P47.1 million for the year ended 31 March 2015 from a P33.8 million deficit recorded in the prior year.

According to the parastatal’s financial results contained in the 2015 annual report, the loss is attributed to a 38 percent rise in cost of sales, which went up from P202 million to P277 million. Revenue also went up by 18 percent from P308 million to P366 million recorded in the 2015 financial year.

The rise in the cost of sales was driven predominantly by electricity sales, mail conveyance and some new costs due to an enhancement of service to several lines of business including social service and CMS Contracts.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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