Letlole La Rona Records 20% Profit

Monday, September 25, 2017

Botswana Stock Exchange (BSE) listed Letlole La Rona (LLR), has recorded P64 million profit for the year, a 20% increase from P53 million that was recorded in the prior year, according to the company’s end of year results ended June 30.

According to the CEO, Paul More, this was primarily due to increased revenue including an income of P6.3 million from the newly acquired investment in NBC as well as continued focus on creating operating efficiencies.

LLR acquired a third stake in NBC Partnership. This partnership has invested in a retail centre with an underlying asset valued at P110 million in Francistown and the retail centre occupies a dominant position within the hierarchy of retail developments in the city because of its proximity to the main bus/taxi terminus.

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Letlole La Rona Records 20% Profit

Botswana Stock Exchange (BSE) listed Letlole La Rona (LLR), has recorded P64 million profit for the year, a 20% increase from P53 million that was recorded in the prior year, according to the company’s end of year results ended June 30.