Imara profits surge five times over

After the taxman took his share, Imara, which is listed on the Botswana Stock Exchange (BSE), recorded a 415 percent increase in profits to P48, 7 million, although about half of the attributable earnings was a direct injection from asset disposal by the group's stock broking division.

The sale of financial assets of a non-recurring nature by the South Africa broking arm, Imara SP Reid Limited, pumped in a huge P18, 6 million into the company's coffers.
Imara is a diversified financial house with interest in stock broking, asset management and investment banking, including corporate finance.