Cresta profits halve as occupancies drop
Tuesday, September 12, 2017
Cresta says the hospitality sector is under pressure in towns and cities
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.
“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...