Letlole La Rona profits fall on higher vacancies

President Hotel PIC: KAGISO ONKATSWITSE
President Hotel PIC: KAGISO ONKATSWITSE

Listed property company, Letlole La Rona (LLR) recorded a lower profit after tax of P23.5 million for their half-year ended 31 December 2015 compared to P40 million realised in the corresponding period last year.

According to the group’s Chief Executive Officer, Paul More the situation is expected to improve significantly by June this year.

“Although profit for the half year declined relative to prior year, this situation is expected to improve significantly by June this year owing to management’s initiatives in efficiently managing voids and costs containment measures applied,’’ he said.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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