Stronger dollar spurs Wilderness earnings

Wilderness earnings in Pula terms were boosted by a stronger Dollar PIC: MORERI SEJAKGOMO
Wilderness earnings in Pula terms were boosted by a stronger Dollar PIC: MORERI SEJAKGOMO

Wilderness Holdings have recorded a 10% increase in earnings for the year ended February 2016, at P199 million from the P181 million in the corresponding period. The group attributed this to a stronger US dollar against the Botswana pula and the reduced contribution by the Tour Series category.

In nominal terms, the pula tumbled 15% against the US dollar in 2015.

According to group’s CEO, Keith Vincent earnings margins improved from 19% to 21% with operating costs well contained at a two percent increase despite the growth of available bed nights by three percent from 233,108 restated to 240,748.

Editor's Comment
Women unite for progress

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