Turnstar profits flat in lukewarm market

Game City is an anchor asset for Turnstar PIC: KAGISO ONKATSWITSE
Game City is an anchor asset for Turnstar PIC: KAGISO ONKATSWITSE

Botswana Stock Exchange (BSE)- listed Turnstar Holdings has recorded P63 million profit in the half year to July 31, 2017, which was a marginal 2.3% increase compared to the same period last year.

Despite the tough trading conditions, the company attributed the increase to a 4.5% increase in group rental revenues.

Group managing director, Gulaam Abdoola said the newly developed section of Game City and Mlimani retail malls’ rental income would have a direct positive impact on the group’s profits in the next reporting period.

Editor's Comment
Mind your health

They've repeatedly warned that hypertension, or high blood pressure, often termed a chronic lifestyle disease, is a silent killer. It's crucial for everyone to be aware of their health status. Nowadays, many companies host wellness days, offering free disease screenings to employees!Unfortunately, even with such services, some choose not to take advantage of the opportunity.The Dutch Reformed Church in Botswana recently organised a...

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