Cresta profits leap on tighter cost control

Tuesday, September 22, 2015

New units such as the Cresta Mahalapye Hotel also contributed to the growth of the company's profits

A combination of strict cost control and improved marginal contributions at key units contributed to Cresta Marakanelo’s increased profit before tax for the six-month period ended June 30, 2015.

The group recorded P12 million profit before tax, which is a 63 percent rise in the period compared to the P8 million recorded in the corresponding one last year.

Group revenue also increased by seven percent to P150 million from the P140 million recorded last year.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

For the people: Stanbic Bank representatives in Letlhakane during an event. The bank has doubled down on its customer-focus and digital platforms PIC: FACEBOOK

Faulty gadgets top complaints to BOCRA

Mbongeni Mguni | 21 h ago

Civil Society fights 'flawed' constitutional amendment

Innocent Selatlhwa | 22 Apr 2024

Civil Society calls for Constitution review governing Act

Innocent Selatlhwa | 22 Apr 2024

IEC rejects 2,513 registrations

Innocent Selatlhwa | 22 Apr 2024

Motshegwa prevails against detractors

Goitsemodimo Kaelo | 22 Apr 2024

Serowe woman ingests acid, attempts suicide

Pini Bothoko | 22 Apr 2024

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

Cresta profits leap on tighter cost control

A combination of strict cost control and improved marginal contributions at key units contributed to Cresta Marakanelo’s increased profit before tax for the six-month period ended June 30, 2015.

Stanbic pretax profits up 11%

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Inspect the voters' roll!