G4S profits shrink on low revenue

BG reporter
Monday, 08 October 2018
G4S Botswana profits are down. G4S Botswana profits are down.

G4S Botswana, the only listed security firm has  recorded 10 percent decline in profits to P14,5 million in its half year ended June 2018 due to a drop in revenue during the period. During the period under review, the group’s revenue declined by 2 percent to close at P108 million driven by a negative product mix and limited pricing.

Profit from operations grew by a marginal 1 percent to P19.5 million due to variable cost driven efficiency initiatives. Commenting on the recently published results, G4S group Chairman, Lebang Mpotokwane and Managing Director, Mokgethi Magapa pointed out that cash and cash equivalents increased to 32 percent due to heightened collection efforts and timing related investment decisions. 

Meanwhile, G4S, which is a unit of G4S plc, has announced it will continue to put their customers first and have set up a customer focused management centre to deal with customer satisfaction.

Last modified on Monday, 08 October 2018 08:46

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