- Company upbeat on growth after a new diamond deal
- Revenue reach $1.1 billion, up 12% amid market volatility
- MD Masire optimistic as ODC scale up its operations
BAKANG TIRO
The state-owned rough diamonds trader Okavango Diamond (ODC) is set to pay a lucrative P263m (US$20m) dividend to the government of Botswana – the solo shareholder in the blue-chip diamonds marketing company.
The company’s directors revealed that this week during the presentation of the financial results for the year ended 31st March 2023, which also saw the company’s revenue closing the year at $1.1 billion, up 12%.
ODC Managing Director Mmetla Masire said the company has operated under a sluggish and suppressed trading environment where diamonds prices were subdued, but they withstood the volatility.
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