Wesbank

G4S’ aggressive collections pay off

SHARE   |   Wednesday, 10 October 2018   |   By Ricardo Kanono
Magapa Magapa

Listed security company G4S Botswana has seen its profit after tax do down year-on-year during the first half of the year.

This is after revenue slowed down two percent owing to an undesirable product mix, a muted contribution of one-off business in electronic systems with the facilities management partially offset by limited pricing liberalisation of resources in variable cost inputs.

SEE ALSO:

G4S, led by Mokgethi Magapa, said in a statement that it created and preserved wealth leading top cash expansion by 32 percent boosted by retention of key contracts. Profit from operations is said to have grown by one percent. Cash and cash equivalents by a double digit 32 percent as a result of heightened collection efforts and timing related investment decisions.

Going forward, G4S says it strives to put its customers first and has set-up a customer focused customer management centre to deal with customer satisfaction and provide unrivaled customer experience.

SEE ALSO:

For the half year period, G4S board has declared an interim dividend of 10.91 Thebe per share which will be paid on the 23rd of November for shareholders on the books of the company by close of business on the 12th of October.



Related news