Cresta profits halve as occupancies drop

Tuesday, September 12, 2017

Cresta says the hospitality sector is under pressure in towns and cities

Hospitality group, Cresta Marakanelo Limited profits halved in the six months to June 2017 as its operations in both Botswana and Zambia were weighed down by low occupancy levels.

During the six months ended June 30, 2017, the group, which provides hotel and related services in Botswana and Zambia recorded an overall profit before tax of P9.1 million for the period, reflecting a 50% drop from the result recorded for the same period last year.

On the other hand, revenue printed at P153 million representing a four percent decline from P160 million that was recorded for the same period in the prior year.

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Cresta profits halve as occupancies drop

Hospitality group, Cresta Marakanelo Limited profits halved in the six months to June 2017 as its operations in both Botswana and Zambia were weighed down by low occupancy levels.

Disc, license renewal requirements waived amid system failures

This is not reversal born of weakness- Salakae

Batlokwa reject Tlokweng expansion plan

Enough is enough – Kgosi Gaborone

CoA dismisses Meswele convicts' appeal against 40-year imprisonment

‘Insurance killer’ case leaves family in ruins

Serowe police probe Mogorosi tragedy

Man found seriously injured by Letlhakane roadside

BPF should get house in order