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
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

Have a Story? Send Us a tip
arrow up