Savings co-op�s revenues top P1m

The society, which is run by employees of the Ministry of Finance and Development Planning, recorded a total income of P1.2 million and a net profit of over P490, 000 for the year ended 30 April, 2014. Last year its total income amounted to about P879, 000 and a net profit of P379, 000.

Speaking during the society’s annual general meeting recently, SACCOS chairman, Janet Makgolo expressed concern that members were not participating in the society due to lack of resources and commitment.