G4S revenue grows on new business gained

In the black: G4S continues on the recovery path
In the black: G4S continues on the recovery path

Security giant, G4S Botswana has recorded higher revenue growth driven by new business acquired, positive product mix and limited pricing.

For the half-year period ended June 30, 2017, the group’s revenue grew by 2.4% to P110.7 million from P108.1 million the same period last year.

During the same period, gross profit was P43.3 million, a 7.4% increase from P40.3 million in the prior period.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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