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
UDC's 100 Days: Please deliver your promises!

We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...

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