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.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

BDP primaries

5 m ago

FlyNamibia set to launch Windhoek-Maun flights

Keto Segwai | 2d ago

Motse wa Setso more than a music festival

Lesedi Mkhutshwa | 2d ago

Creatives raise hands for political office

Goitsemodimo Kaelo | 2d ago

Levy on Technical Devices calls blind, partially sighted

Correspondent | 13 h ago

Kenosi’s love for Afro hair births Frocrowns

Nnasaretha Kgamanyane | 2d ago

Mangomolo to deliver NOW! Online Channel

Correspondent | 2d ago

Zacci WaBantwana releases Batswana Ke Kopa Skeem

Nnasaretha Kgamanyane | 2d ago

Inspect the voters' roll!

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

The Monitor Editor | 23 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More