Sunday, July 20, 2025
  • About
  • Advertise
  • Privacy Policy
  • Cookie Policy
  • Contact
  • Subscribe
  • E-edition
  • Login
  • Register
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    ๐ƒ๐ž๐›๐ฌ๐ฐ๐š๐ง๐š ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ฌ๐ž๐ ๐จ๐ง ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฌ๐ญ๐š๐ ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐”๐’๐‚ ๐ฆ๐ž๐๐š๐ฅ ๐จ๐Ÿ ๐‡๐จ๐ง๐จ๐ฎ๐ซ

    ๐ƒ๐ž๐›๐ฌ๐ฐ๐š๐ง๐š ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ฌ๐ž๐ ๐จ๐ง ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฌ๐ญ๐š๐ ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐”๐’๐‚ ๐ฆ๐ž๐๐š๐ฅ ๐จ๐Ÿ ๐‡๐จ๐ง๐จ๐ฎ๐ซ

    BTA seeks sponsorship to host World Junior Tennis tournament

    ‘International Tennis Tournaments Drive Economic Growth’- Thipe

    From Promise to Pause: The Support Gap Holding Back Botswanaโ€™s Female Athletes

    From Promise to Pause: The Support Gap Holding Back Botswanaโ€™s Female Athletes

    Orebonyeโ€™s Defiant Rise Through North Africaโ€™s Football Battleground

    Orebonyeโ€™s Defiant Rise Through North Africaโ€™s Football Battleground

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    With Eyes on Morocco, Botswanaโ€™s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    With Eyes on Morocco, Botswanaโ€™s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

  • Subscribe
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
    ๐ƒ๐ž๐›๐ฌ๐ฐ๐š๐ง๐š ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ฌ๐ž๐ ๐จ๐ง ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฌ๐ญ๐š๐ ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐”๐’๐‚ ๐ฆ๐ž๐๐š๐ฅ ๐จ๐Ÿ ๐‡๐จ๐ง๐จ๐ฎ๐ซ

    ๐ƒ๐ž๐›๐ฌ๐ฐ๐š๐ง๐š ๐‘๐ž๐œ๐จ๐ ๐ง๐ข๐ฌ๐ž๐ ๐จ๐ง ๐ˆ๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐ฌ๐ญ๐š๐ ๐ž ๐ฐ๐ข๐ญ๐ก ๐€๐”๐’๐‚ ๐ฆ๐ž๐๐š๐ฅ ๐จ๐Ÿ ๐‡๐จ๐ง๐จ๐ฎ๐ซ

    BTA seeks sponsorship to host World Junior Tennis tournament

    ‘International Tennis Tournaments Drive Economic Growth’- Thipe

    From Promise to Pause: The Support Gap Holding Back Botswanaโ€™s Female Athletes

    From Promise to Pause: The Support Gap Holding Back Botswanaโ€™s Female Athletes

    Orebonyeโ€™s Defiant Rise Through North Africaโ€™s Football Battleground

    Orebonyeโ€™s Defiant Rise Through North Africaโ€™s Football Battleground

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    Botswana Emerges as Sporting Powerhouse at 2025 RASA

    With Eyes on Morocco, Botswanaโ€™s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

    With Eyes on Morocco, Botswanaโ€™s Mares Gear Up for WAFCON 2025 Amid Rising Hopes and Renewed Support

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

P4.5 million capital appreciation of Rail Park propels Letloleโ€™s fair value gain

In line with section 5.4 (c) of the of the Botswana Stock Exchange Limited (BSE) Equity Listing Requirements, an issuer must publish a cautionary announcement as soon as they are satisfied that a reasonable degree of certainty exists that the expected profit or loss (before tax) for the period to be reported upon next will differ by at least 10 percent from the most recent financial results for the previous corresponding period.

mm by Staff Writer
February 8, 2022
in Companies & Markets
Reading Time: 1 min read
0
P4.5 million capital appreciation of Rail Park propels Letloleโ€™s fair value gain
0
SHARES
123
VIEWS
Share on FacebookShare on Twitter

Board of Directors of Letlole La Rona Limited (LLR) announced that the Company is expecting profit before tax (from continuing operations) for the half year ended 31 December 2021 to be between 55 percent and 65 percent above the prior yearโ€™s profit. In pula terms this is between P18.0 million and P21.3 million higher than the previous P32.8 million.

The main reasons for the significant increase in the Companyโ€™s profitability is the maintenance of the weighted average annual lease escalations of 7 percent, high occupancy rates achieved during the period and tight cost control measures that have been implemented, says the board. The above, coupled with the impact of the economic recovery, have had a positive effect on the valuations of the investment properties, leading to a net fair value gain of P12.1 million in the current period compared to the P8.4 million fair value gain from the prior year, the board explained.

Effective December 2021, the Company acquired a 32.79 percent shareholding in JTTM Properties (Proprietary) Limited, a company that owns one of the prime retail malls in Gaborone, Rail park Mall, for a purchase consideration of P152 million. As at 31 December 2021, LLRโ€™s value in Rail park Mall had increased by P4.5million, contributing to the substantial improvement in the financial results of the Company. ย The Company is currently finalising its unaudited results for the half year ended 31 December 2021.

Tags: Letlole La Rona Limited (LLR)Rail park Mall

Navigation

  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

Recent News

  • StanChart and ABM Host โ€˜Atlegaโ€™ Mentorship Session for Youth Empowerment
  • Botswana Tech Leaders Urge Action to Overcome Gender Discrimination
  • Mogwe is Rewriting the Rules of Storytelling in the Digital Age
  • PrimeTime dismisses RDC offer as value destruction
  • DRC deal could offer a lifeline to Red Zone beef

Site

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

ยฉ 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
No Result
View All Result
  • Home
  • News
  • Economy
  • E-Edition
  • Companies & Markets
  • In Business With
  • Lifestyle
    • Motoring
  • Sports
  • Subscribe

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

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?