Cresta profits halve as occupancies drop

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

Editor's Comment
Mabogo dinku a thebana

According to both the acting director of Veterinary Services, Kobedi Segale and acting Lands and Agriculture minister, Edwin Dikoloti, the virus currently raging through the North-East mostly likely first entered the country during the festive season.From the “unprecedented” number of cases picked in testing last week, it is likely that cattle and other livestock could have been infected last year, without being reported.Animal health...

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