Cresta posts lukewarm results

Wednesday, April 02, 2014

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.

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