Turnstar records strong growth despite challenges

Tuesday, December 20, 2016

End is near: The construction works at Game City mall are nearing completition

Property investment company, Turnstar Holdings Limited has reported strong growth in revenue and operating profit for the 2016 financial year, despite intensified competition and volatile consumer demand.

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.

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