The company delivers solid performance amidst the pandemic
BSE listed property group, PrimeTime Properties, reported a solid operating performance for the six months ended 28 February 2021, despite strong economic headwinds in countries of operation due to the coronavirus pandemic.
During the period, the company registered a rental income of P77.2 million, a slight decrease from P78.9 million recorded in the previous corresponding period.
“Our hands-on approach to asset and property management saw us reduce vacancies across the portfolio from 5 percent in the prior fiscal year to 3 percent, despite harsh economic circumstances. We cut operating costs by 10 percent year-on-year and further renewed several key leases. Our tenant retention initiatives are bearing fruit with several leases being re-geared to keep key tenants in our properties,” said Sandy Kelly, Managing Director.
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Some immigration officers deployed to entry points of the country are frustrated with what they say are attempts by the government to reduce their daily stipends by fifty percent.
The officers are part of Operation Calm Life, which is a government effort to clamp down on criminal activities in areas such as Elubo, Akanu, Laklebi, Saboba, and Hamile.
Some officers, according to
starrfm.com.gh sources have voluntarily withdrawn from the operation as they say they have been sustaining themselves with personal funds.
The operation which was to last for two months has continued for eleven months with no indication as to when it will come to an end.