Letlole Debtors' Book Balloons

Kamogelo Moaneng
Kamogelo Moaneng

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.

Editor's Comment
Let us all go to vote

Figures released by the country’s electoral management body have shown that a total of 1, 037, 684 people have registered to vote.However, eligible voters could be discouraged by events leading to the voting day like poor execution of advance voting amid talks that the elections could be unfair.There have also been threats by certain opposition politicians that shall the elections not be free and fair, they will halt them.Despite these...

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