BMC Makes Profit

source: The Botswana Gazette
Written by JFG
Thursday, 30 April 2009

Higher prices in the European Union (EU) markets due to import bans on South American products have seen Botswana Meat Commission (BMC) record handsome profits during the financial year ended December 2008.

As a result of the good returns from beef sales, BMC had a turnover of P687 million and made an operating profit of P84.2 million before tax.
However, the commission says it will not pay out any bonuses to farmers.According to the financial results for the year ended 31 December 2008, the P84.2 million before tax compares well to the P17 million profit achieved on a turnover of P750 million in 2007.
The commission has raked in a surplus of P25 million after tax and committed P31 million to statutory appropriations from its operating profits. In the past tax was remitted by government.

BMC’s Chief Executive Officer (CEO) Motshodi Raborokgwe has said the commission will not pay out any [continue reading]



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