Letlole La Rona profits fall on higher vacancies

President Hotel PIC: KAGISO ONKATSWITSE
President Hotel PIC: KAGISO ONKATSWITSE

Listed property company, Letlole La Rona (LLR) recorded a lower profit after tax of P23.5 million for their half-year ended 31 December 2015 compared to P40 million realised in the corresponding period last year.

According to the group’s Chief Executive Officer, Paul More the situation is expected to improve significantly by June this year.

“Although profit for the half year declined relative to prior year, this situation is expected to improve significantly by June this year owing to management’s initiatives in efficiently managing voids and costs containment measures applied,’’ he said.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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