RPC's Botswana revenue up 22 percent-Report

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Botswana Stock Exchange (BSE)- listed consultancy and IT company RPC Data has released its financial report for the year ended 31 May 2009 in which it says performance has been significantly impacted by lack of substantive projects within the domestic market.

The company, which has branches in other SADC countries like Zambia, and Uganda in East Africa, says the year proved to be quite challenging, though the consultancy revenue for Botswana has increased by 22 percent, contributing to an 11 percent rise in the group's consultancy revenue.

Prudent working capital management led to the company and group improving the current ratio while the company also improved its cash cover with the cash to total assets position being maintained within last year's level.

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