After recording a 1520% profit before tax bump in its half-year results for the period ended 30 September 2024, Botswana Savings Bank (BSB) is expecting an increase of 200%-222% for its full-year results for the period ended 31 March 2025.
This translates to a profit of between P71 million-P75 million.
BSB's half-year profit was mainly driven by growth in assets as well as the BSB Insurance Services, which contributed P24.2 million to the group's performance.
BSB is considering going private, and it is currently in engagement with the government to facilitate the process.
Meanwhile, Botswana Telecommunications Corporation (BTC) is also expecting a significant bump in PBT.
The company, whose Managing Director, Anthony Masunga, abruptly resigned in August last year and is yet to be replaced, is expecting a 27%-31% bump, which translates to a profit increase of P54 million-P63 million.
The two companies' results will be published on or before 30 June 2025.