Turnstar profits flat in lukewarm market

Thursday, October 26, 2017

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.

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