Letshego Africa has delivered a set of results that require two pairs of glasses: one for what actually happened, and another for what management insists you should focus on.
On the surface, the pan-African lender reported a statutory loss of P235.5 million for the year to December, widened by a hefty P570 million impairment tied to exiting parts of East and West Africa. Yet beneath that accounting fog lies a rather different story: profit from continuing operations rose more than fourfold to P284 million.
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