the monitor

Cresta Marakanelo bounces back from losses

Mokwena Morulane
Mokwena Morulane

Hospitality outfit, Cresta Marakanelo Limited has recorded a P5.9 million in profit before tax compared to P35.2 million loss that was recorded previously in the corresponding period.

The group attributed the improvement to increased occupancies and cost reduction measures implemented, some of which will continue for the long term.

Commenting on the group’s unaudited consolidated financial results for the six months ended June 30, managing director (MD), Mokwena Morulane said tourism and hospitality sectors experienced a surge in the rebound momentum in 2022, and Cresta was no exception.

Editor's Comment
Makgekgenene played her part

“Ignore the noise, focus on your work”- AnonymousAs the DG of such a controversy-ridden institution, you really played your part in the fight against corruption and economic crime. Your stay at the helm of the DCEC was quickly paying dividends under your stewardship. During your tenure, there was a lot of action as those caught on the wrong side of the law were brought to court regardless of their economic or political status. We have learnt...

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