Wilderness invests P102m to secure earnings

Announcing the group's results for the year ended February 2012, Andy Payne, Wilderness CEO, explained that they have authorised P45 million in defensive capital to maintain and refurbish existing assets. "We have authorised a further P57 million to develop new camps and other assets and thus expand our earnings base," he said.

The investments compare with a total of P58 million in the previous year. The group's results are significantly lower than those achieved last year due to capital profits amounting to P87.9 million that were included in the results of the prior year.