Turnstar records strong growth despite challenges
Tuesday, December 20, 2016
End is near: The construction works at Game City mall are nearing completition
Revenue for the year ended January 31, 2016 grew by five percent from the prior year to P247.6 million, while operating profit increased by 23% from the prior year to P182.7 million in the period under review.
Commenting in the group’s annual report for 2016, managing director, Gulaam Abdoola said they continued to post pleasing results for the year, despite challenging market conditions.
Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...