BTC bounces back to profitability

While revenues rose by a healthy eight percent in the period, the huge jump in the profits was largely attributed to a 26% fall in costs, as the telecommunications company did not factor in any impairment charges this year. In 2016, BTC factored in over half a billion pula in impairments charges, a factor that was largely responsible for the loss in that year.

Anchored by across the board increases in fixed, data and mobile revenues, BTC’s revenue rose eight percent in the current financial year to P1.6 billion from a flat growth in the previous year.