Turnstar records strong growth despite challenges

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

Editor's Comment
Mabogo dinku a thebana

According to both the acting director of Veterinary Services, Kobedi Segale and acting Lands and Agriculture minister, Edwin Dikoloti, the virus currently raging through the North-East mostly likely first entered the country during the festive season.From the “unprecedented” number of cases picked in testing last week, it is likely that cattle and other livestock could have been infected last year, without being reported.Animal health...

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