On 6 May, the Board of the Red Star Capital announced a financial statement for the first quarter of 2023 in Berkhirkhazwe on the eve of the annual Bafit Shareholder Assembly. The net profits of Berksaneva during the first quarter of the year were $355.04 million, compared with $5.58 billion in the same period last year, according to which Berkahirawe earned more than six times the same period last year in the first quarter of 2023. The first quarter received $853.9 million, compared with $708.43 million for the same period last year; the first quarter saw investment and derivative gains of $34,758 million and the same period last year lost $1,978 million.

As at 31 March, approximately 77 per cent of equity investments in fair value were concentrated in American Express, apples, American Bank, Cedron, Coca Colón.

Burk Hill Sharif 2023 First quarter

In addition to the first quarter of the financial statements, the heavy play was followed by the Bafit Shareholder Assembly. According to the Securities Times, this year, the company’s shareholder Assembly will vote on six proposals, including the same proposal, which was launched for two consecutive years: requesting the outgoing President of Bafite.

The proposal considered that the leadership transfer in Berkhir should start from now, not wait until the date of the decision to leave in Bafite, and that the President of an independent board of directors could better prepare for the change of leadership in Berkshir: “In view of the age of Bafit, Berkhirkhazarwe should develop corporate governance policies that no longer focus on Mr. Bafit but rather on long-term successful designs for companies and new management teams. The inextricable link between Berkhirkhazwe and Bafite makes it even more difficult if the transition to the next generation of leadership is not immediately possible, and if Berksanwi is to move from a personalized image to a performance-oriented image.”