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
Solution needed for Hatsalatladi cracks

Despite the residents’ relentless struggle and enduring fears, government has yet to provide a clear and comprehensive solution to this alarming issue. For decades, the villagers have lived under the shadow of these ominous cracks, fearing the possibility of the earth swallowing them whole. This fear is not unfounded, as the damage extends beyond psychological distress to homes, fields, and ultimately, the livelihoods of the community. The...

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