Cresta posts lukewarm results

The Cresta Mahalapye was opened in 2013
The Cresta Mahalapye was opened in 2013

Cresta Marakenelo Limited achieved an operating profit of P31.4 million for the year-ended December 2013. This reflects an operating margin of 11%, same as in 2012.

The group states the static margin shows a continuing downward pressure on room rates and the general inflationary environment, especially in Botswana.

According to Statistics Botswana, overall annual inflation rate decreased between February 2013 and February 2014 due to stable prices of commodities, especially the major components such as transport and food and non-alcoholic beverages.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

Have a Story? Send Us a tip
arrow up