• Botswana Life unveils ‘Monkgogi’October 22, 2025
    Innovative funeral solution to revolutionize funeral covers GORATAONE KGOSIMORE editors@thepatriot.co.bw RelatedPosts Botswana Life unveils ‘Monkgogi’ Anti-doping law curbs bans  UDC hits & misses   Botswana’s leading life insurer, Botswana Life Insurance Limited (BLIL), has unveiled Monkgogi,a ground-breaking funeral solution… Read more: Botswana Life unveils ‘Monkgogi’
  • Anti-doping law curbs bans October 22, 2025
    NANCY RAMOKHUA editors@thepatriot.co.bw RelatedPosts Botswana Life unveils ‘Monkgogi’ Anti-doping law curbs bans  UDC hits & misses   While doping substances and methods can go beyond the end of a sports career, they can cause serious health risks including organ… Read more: Anti-doping law curbs bans 
  • UDC hits & missesOctober 22, 2025
    UDC hits & misses UDC joy, pain after one year in office First 12 months were for learning-Boko Impress on diplomatic ties, domestic issues lag behind -analyst BAKANG TIRO RelatedPosts Botswana Life unveils ‘Monkgogi’ Anti-doping law curbs bans  UDC… Read more: UDC hits & misses
  • World Bank lauds BotswanaOctober 21, 2025
    As a debt leader amid growth crisis: "The only market access Sub Saharan country at low risk”   RelatedPosts Botswana Life unveils ‘Monkgogi’ Anti-doping law curbs bans  UDC hits & misses LAWRENCE SERETSE editors@thepatriot.co.bw   Botswana has received high… Read more: World Bank lauds Botswana
  • Britain’s VISA RevengeOctober 20, 2025
    UK view Boko’s aborted meetings a diplomatic snub: Lukashenko calls Botswanaa good partner Anxiety over Boko, Belarus, a changing Africa: Plans for Botswana–Belarus trade, mining in motion $12 billion Qatari investment, Belarus, Oman emerge as Boko’s fast-growing partners Visa… Read more: Britain’s VISA Revenge
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
  • Login
  • Register
Wednesday, October 22, 2025
The Patriot On Sunday
Advertisement
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
Cart / $0.00

No products in the cart.

  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders
No Result
View All Result
The Patriot On Sunday
No Result
View All Result

BDC’s profit jumps 39%

patriot by patriot
January 17, 2021
in Business
0

With Group Profit Before Tax reaching P187m from P135m

Botswana Development Corporation’s (BDC) five-year strategy continues to bear fruit. 

RelatedPosts

Botswana Life unveils ‘Monkgogi’

World Bank lauds Botswana

Global Expo 2025, Unveils P680 billionblitz

Managing Director, Bashi Gaetsaloe, presented to stakeholders the Corporation’s financial results for the year ended 30 June 2018 on December 13, 2018 at Cresta Lodge. 

“2018 continued to be a challenging year economically both in domestic and global markets – and our financial results partly reflect the impacts of such a toughened trading environment. In the midst of these external factors, we have continued to make progress. We are now in the fourth year of our 5-year strategy and we remain committed to our ambition to double the business in this strategic period. For the year under review we have successfully driven growth across the business including significantly raising our profitability year-on-year at both Group and Company levels,” said Gaetsaloe.  

Highlights

Key highlights for the year under review show that • Group Profit Before Tax increased by 39% to P187 million in 2018 from P135 million • Group asset base grew to P4.1 billion in 2018, up 5% from P3.9 billion in 2017 • Group income closed the year at P444 million against last year P403 million, a 10% Y-o-Y growth • Company Profit Before Tax increased by 18% to P244 million in 2018 from P206 million reported in 2017.

The corporation realised growth in interest income of 20% to P42million against P35million reported prior year.

This was a reflection of the expected growth in debt assets, a milestone achieved in correlation with BDC’s business strategy to rebalance the equity/debt asset profile. BDC successfully drove an increase in investment asset values at Group level with financial results for the year under review reporting an accumulative 5% YOY growth of Group assets to P4.1 billion.   

The corporation was also pleased to announce that the Moody’s Investors Service has reaffirmed its Baa2/Prime2 rating (with a stable outlook). The rating agency recognised the Corporation’s “strong liquidity and capital buffers, and assumption of a high probability of government support.”

BDC’s issuer ratings entail a standalone credit profile of b1, which balances what Moody’s recognises as a strong company solvency and liquidity position against a high concentration of strategic participation in large equity investments. 

“Our underlying business remains strong and our results come off the back of our success in driving new business growth as we continue to scope for local and continental partnership opportunities in our targeted sectors. Such interests are mainly in industries that can deliver significant contribution towards Gross Domestic Product (GDP) and the wider socio-economy. The Corporation has continued to stabilise post our Transformation Programme which entailed a robust turnaround review of our processes, structures and policies. Our post transformation journey is not yet complete, though our results positively report on the continued strengthening of the business and we are confident that the Corporation will continue on this resilient trajectory,” said Gaetsaloe.   

Tags: BDC
Previous Post

‘We will remove Mogwera’

Next Post

Cpt Phatsima promotes STEM careers

Related Posts

Botswana Life unveils ‘Monkgogi’
Business

Botswana Life unveils ‘Monkgogi’

October 22, 2025
World Bank lauds Botswana
Business

World Bank lauds Botswana

October 21, 2025
Global Expo 2025,  Unveils P680 billionblitz
Business

Global Expo 2025, Unveils P680 billionblitz

October 14, 2025
Banks report P5.98 billion loan defaults
Business

Banks report P5.98 billion loan defaults

October 6, 2025
BDC Group revenue surges to P802m
Business

BDC Group revenue surges to P802m

October 6, 2025
Choppies gross profit hits P1.8 billion
Business

Choppies gross profit hits P1.8 billion

October 2, 2025
Next Post
Cpt Phatsima promotes STEM careers

Cpt Phatsima promotes STEM careers

Please login to join discussion
  • Botswana Life unveils ‘Monkgogi’October 22, 2025
    Innovative funeral solution to revolutionize funeral covers GORATAONE KGOSIMORE editors@thepatriot.co.bw RelatedPosts Botswana Life unveils ‘Monkgogi’ Anti-doping law curbs bans  UDC hits & misses   Botswana’s leading life insurer, Botswana Life Insurance Limited (BLIL), has unveiled Monkgogi,a ground-breaking funeral solution… Read more: Botswana Life unveils ‘Monkgogi’
  • Anti-doping law curbs bans October 22, 2025
    NANCY RAMOKHUA editors@thepatriot.co.bw RelatedPosts Botswana Life unveils ‘Monkgogi’ Anti-doping law curbs bans  UDC hits & misses   While doping substances and methods can go beyond the end of a sports career, they can cause serious health risks including organ… Read more: Anti-doping law curbs bans 
  • UDC hits & missesOctober 22, 2025
    UDC hits & misses UDC joy, pain after one year in office First 12 months were for learning-Boko Impress on diplomatic ties, domestic issues lag behind -analyst BAKANG TIRO RelatedPosts Botswana Life unveils ‘Monkgogi’ Anti-doping law curbs bans  UDC… Read more: UDC hits & misses
  • World Bank lauds BotswanaOctober 21, 2025
    As a debt leader amid growth crisis: "The only market access Sub Saharan country at low risk”   RelatedPosts Botswana Life unveils ‘Monkgogi’ Anti-doping law curbs bans  UDC hits & misses LAWRENCE SERETSE editors@thepatriot.co.bw   Botswana has received high… Read more: World Bank lauds Botswana
  • Britain’s VISA RevengeOctober 20, 2025
    UK view Boko’s aborted meetings a diplomatic snub: Lukashenko calls Botswanaa good partner Anxiety over Boko, Belarus, a changing Africa: Plans for Botswana–Belarus trade, mining in motion $12 billion Qatari investment, Belarus, Oman emerge as Boko’s fast-growing partners Visa… Read more: Britain’s VISA Revenge
The Patriot On Sunday

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

Navigate Site

  • About Us
  • Advertise
  • Disclaimer
  • Contact Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow 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
  • Login
  • Sign Up
  • Cart
  • Home
  • News
  • Business
  • Lifestyle
  • Sport
  • Analysis & Opinions
  • Vacancies & Tenders

© 2024 Copyright The Patriot On Sunday - Inspired by Search Mart.

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?