BIHL holds steady in Letshego despite P106m hit
Friday, September 13, 2019
The loss continues a pattern seen last year when, for the year ended March 31, 2018, BIHL incurred a P140 million impairment from Letshego. BIHL holds a 26.2% stake, the largest by any single shareholder.
In its recently unveiled results for the half-year to June 2019 BIHL, which is the country’s largest diversified financial group, saw its pretax profits fall 29% to P223.5 million largely as a result of lower profits from associate companies.
However, amidst the happiness, it is crucial to remember that the holidays can also bring unforeseen challenges. From increased traffic and travel hazards to heightened risks of accidents and social unrest, the festive period demands heightened awareness and responsible behaviour.Traffic congestion and accidents are a common occurrence during the holidays. With increased travel, roads become busier, leading to a higher risk of collisions. Alcohol...