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Sep 30, 2021

BTL CEO Optimistic About Future

The company projects an increase in net income to thirty million dollars by the end of fiscal year 2025/2026. And while those are just projections, achieving those numbers would mean the largest net income for the company within the last decade, according to their records. The largest net income BTL reported in the last eight years was twenty two point five million dollars for fiscal year 2017/2018. But, only two fiscal years later, and that net income would fall to a record low two point five million dollars.  But CEO Tesucum says the company has a plan. 


Ivan Tesucum, CEO, BTL

“We are looking at a growth in revenues of a hundred and forty five million at the end of March 2022, or in this fiscal year we are in to a hundred and sixty three million by the end of twenty six. And, that will result in net income of the first year, of about sixteen million in this year to be ended March 2022, and in five years time to about thirty million, based on a hundred and sixty three million worth of revenue. So, that is path we are on. So just a quick overview of what this year is looking like, our fiscal year runs from April to March. So, for this year, we are looking at about a hundred and forty five million in revenues. We are looking at sixteen point one million in net income. And, that will result in return on equity of about eight percent. So that is what we are looking for in this year.”

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