Tuesday, February 7, 2023
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition
  • Login
  • Register
  • Home
  • News
  • Economy
  • Columns
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    Limited Game Time Compels Seakanyeng to Quit UAE-Based Outfit 

    Limited Game Time Compels Seakanyeng to Quit UAE-Based Outfit 

    Debswana sponsors BFA’s National First Division League with P3.9m 

    Debswana sponsors BFA’s National First Division League with P3.9m 

    Ditlhokwe Tipped to Excel at Kaizer Chiefs

    Ditlhokwe Tipped to Excel at Kaizer Chiefs

    BCF Aims to Resuscitate Chess this Year

    BCF Aims to Resuscitate Chess this Year

    Tebogo’s Move to US on Hold

    “Don’t Panic,” Tebogo is advised as He Transits to Senior Level

    NSAs decry Absence of School Sports 

    NSAs decry Absence of School Sports 

    Trending Tags

    • Subscribe
    No Result
    View All Result
    • Home
    • News
    • Economy
    • Columns
    • Companies & Markets
    • In Business With
    • Lifestyle
      • Motoring
    • Sports
      Limited Game Time Compels Seakanyeng to Quit UAE-Based Outfit 

      Limited Game Time Compels Seakanyeng to Quit UAE-Based Outfit 

      Debswana sponsors BFA’s National First Division League with P3.9m 

      Debswana sponsors BFA’s National First Division League with P3.9m 

      Ditlhokwe Tipped to Excel at Kaizer Chiefs

      Ditlhokwe Tipped to Excel at Kaizer Chiefs

      BCF Aims to Resuscitate Chess this Year

      BCF Aims to Resuscitate Chess this Year

      Tebogo’s Move to US on Hold

      “Don’t Panic,” Tebogo is advised as He Transits to Senior Level

      NSAs decry Absence of School Sports 

      NSAs decry Absence of School Sports 

      Trending Tags

      • Subscribe
      No Result
      View All Result
      The Business Weekly & Review
      No Result
      View All Result
      Home Companies & Markets

      BTC post tax profit up 30% despite revenue slack

      During the six months ending September 30 2021, Botswana Telecommunications Limited (BTC) reported an overall 30 percent increase in profit a¬fter tax compared to same period in the prior year.

      mm by Staff Writer
      January 6, 2022
      in Companies & Markets
      Reading Time: 2 mins read
      0
      BTC post tax profit up 30% despite revenue slack
      0
      SHARES
      103
      VIEWS
      Share on FacebookShare on Twitter

      Profit rose from P65.8 million to P85.6 million, thanks to cost containment initiatives that enhanced the performance. Expenses fell from P114 million to P97 million.

      The six-month period under review was the second year of BTC’s three-year strategy, which is focused on strengthening the core business, optimising efficiencies, increasing returns on assets and pursuing revenue growth opportunities. The business recorded a slight revenue decrease from P 710 million to P 700 million for the six months under review. The group says data revenues growth momentum continued which assisted to compensate for voice revenues that declined because of the impact of the work from home scenarios brought about by the COVID-19 pandemic.  EBIDTA grew by 12 percent to P250 million with margin expansion to 35.8 percent reflecting strong operating leverage.

      “We are optimistic about the growth potential for data services and therefore we have expanded our customer touchpoints and continue to expand our network capacity and coverage,” BTC MD Anthony Masunga wrote on the financials. Additionally, he said “we have enhanced our broadband packages and reduced pricing to enable customers to work and school at home from anywhere in the country through our wide coverage of mobile and fixed broadband networks”.

      The MD said BTC remain committed to offering customers affordable high-speed broadband services, excellent quality of service and access to a broad spectrum of digital services. “We will assist the education sector with e-learning solutions and associated connectivity and content. The company is committed to strengthening the mobile financial service (SMEGA) ecosystem in our quest to contribute to the overall development of the digital economy,” he said adding that “we have expanded our digital offering of cloud-based solutions and managed services as we assist our clients to realise their digital transformation ambitions”. The company said it will continue to drive its digital transformation program with the overall objective of creating sustainable value for all our stakeholders.

      Tags: Anthony MasungaBotswana Telecommunications Limited (BTC)

      Navigation

      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports
      • Subscribe

      Recent News

      • February 3rd Edition
      • Import Ban on Veges Could be Lifted
      • The Net Tightens Around Van Niekerk
      • Fiercely Schiaparelli: All that Glitters and Roars 
      • Bassett’s Queen is a Class Act 

      Site

      • About
      • Advertise
      • Privacy Policy
      • Cookie Policy
      • Contact
      • Subscribe
      • E-edition

      © 2021 The Business Weekly & Review. All Rights Reserved.

      No Result
      View All Result
      • Home
      • News
      • Economy
      • Columns
      • Companies & Markets
      • In Business With
      • Lifestyle
        • Motoring
      • Sports
      • Subscribe

      © 2021 The Business Weekly & Review. All Rights Reserved.

      Welcome Back!

      Login to your account below

      Forgotten Password? Sign Up

      Create New Account!

      Fill the forms below to register

      All fields are required. Log In

      Retrieve your password

      Please enter your username or email address to reset your password.

      Log In
      This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
      Are you sure want to unlock this post?
      Unlock left : 0
      Are you sure want to cancel subscription?