G4S resolute on growing revenue

04th October 2017
FOCUSED:G4S MD Mokgethi Magapa Source:The Midweek Sun

G4S Botswana remains focused on the new strategy to deliver profitable revenue growth for the company despite the tough economic conditions says Managing Director, Mokgethi Magapa. In its half year ended June 2017, the group recorded a marginal increase of 4.5 percent to P16.2 million in profits. Revenue grew by 2, 4 percent to P110.7 million driven by new business across the portfolio.

Gross profit increased by 7.4 percent to P43.3 million compared to P40.3 million recorded in 2016. Magapa said they remain focused on the ‘5 to Drive’ strategic priorities to deliver profitable revenue growth and liberate resources to be able to provide value added services and pass the benefits to customers. The five priorities include Revenue growth, cost containment, customer centricity, operational excellence and engaged people.

He said despite the tough trading environment the group’s cash reserves expanded by 192 percent. Profit before income tax adjustments (PBITA) increased by 5.1 percent driven by new business, product mix benefits mainly on cash management and year on year pricing across the portfolio offering partially offset by balance sheet clean up of non performing business.

“Recently there has been low demand of services in Botswana, but we are very confident that by the end of the year we will achieve our seven percent target growth,” he said. Magapa said they are focusing on delivering value by driving top line growth and liberating resources within our business value chain so as to enhance our customer experience throughout the order to cash process. “The company will maintain its focus on integrating technology in its offering of higher and quality products. We are confident that the business will overcome current economic environment and deliver growth in earnings as well as deliver more value to our customers,” he said. The group declared a dividend of 12.13 thebe per share which will be paid on October 13.

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