Letlole Debtors' Book Balloons

Monday, February 15, 2021

Despite the tough trading environment Letlole La Rona (LLR) has made a modest profit before tax according to its half-year results for the period ended December 31, 2020.

The Botswana Stock Exchange (BSE) listed local property group said in the interim results it recorded a P35. 7 million profit before tax, which is an increase from P33. 3 million registered on the prior year.

LLR’s acting CEO, Kamogelo Mowaneng said due to the contraction of the economy as a result of COVID-19 pandemic, the group has seen its debtors’ book rising significantly. Hence LLR has focused efforts on the collection of arrears in order to improve its cash flows and thus enhance its distributions.

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Letlole Debtors' Book Balloons

Despite the tough trading environment Letlole La Rona (LLR) has made a modest profit before tax according to its half-year results for the period ended December 31, 2020.