LNDC Profits Plummets by a Record 165% 

Maseru The Lesotho National Development Corporation (LNDC) has suffered a dramatic financial loss, shifting from an M82.9 million profit in 2018/19 to a staggering M54.4 million loss in 2023/24. This represents a decline of more than 165 percent in just five years, raising deep questions about management, efficiency, and the Corporation’s relevance to Lesotho’s industrial agenda. Assets Rising, Value Sinking In 2018/19, LNDC’s performance painted a picture of promise. Revenue stood at M180.3 million, profit surged by 89 percent, and…Continue reading with a subscriptionSubscribe for full access to every story.Subscribe - M85/monthAlready a subscriber? Sign in Advertisement ...