Letshego revises profits after P118m tax bill

Letshego Holdings’ after-tax profits for the year ended December 31, 2017 have been adjusted downwards by 8.6% after the pan-African microlender incurred a P118.3 million tax bill dating back to 2014.

Letshego had cautioned investors about the possible tax bill when it initially published its year-end results on March 5. This week, the microlender revealed that year-end profits were now P681.3 million from the initially stated P745.4 million, after finalisation of the tax liability.

Letshego also adjusted its net asset value down 4.1% due to the tax bill.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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