Wilderness maintains profit growth

Tuesday, May 27, 2014

Tourism concern, Wilderness Holdings profitability continues to increase significantly with profit after tax rising by 75 percent to P48 million.

In a statement accompanying the results of the year ended February 28, 2014, Wilderness Holdings chairman Parks Tafa said revenue grew by 16 percent mainly driven by organic expansion of existing businesses, increased yield per bed nights and exchange rate gains due to depreciating local currencies.

“Revenue grew by 16 percent to P1.4 billion despite reduction in available bed nights to P210 million,” said Tafa.

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Wilderness maintains profit growth

Tourism concern, Wilderness Holdings profitability continues to increase significantly with profit after tax rising by 75 percent to P48 million.