Volatile exchange rates depress Wilderness profits
Friday, November 05, 2010
Announcing the group's results for the six months period ended August 2010, the company says despite lukewarm demand from its key European markets and a slow Soccer World Cup, they maintained the number of bed nights sold and grew yield in local currencies. Overall, the group sold 81, 300 bed nights at the halfway stage, compared to 81, 253 at the same time last year.
Turnover for the company, which is listed on the Botswana Stock Exchange and the Africa Board of JSE Limited, increased by P28 million to P574 million for the six months to 31 August 2010 in a challenging trading environment. Chief executive Andy Payne said while market conditions remain challenging, the company has performed well. "The business has experienced real growth in bed night sales, downward pressure on yield has been well managed and on a like-for-like basis, the costs have increased within expected levels," he said.
These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...