Wilderness maintains profit growth
Tuesday, May 27, 2014
In a statement accompanying the results of the year ended February 28, 2014, Wilderness Holdings chairman Parks Tafa said revenue grew by 16 percent mainly driven by organic expansion of existing businesses, increased yield per bed nights and exchange rate gains due to depreciating local currencies.
“Revenue grew by 16 percent to P1.4 billion despite reduction in available bed nights to P210 million,” said Tafa.
Smash-and-grab incidents became common at traffic lights, Automatic Teller Machine (ATM) bombings made headlines too often, cash-in-transit robberies terrified security personnel, while home invasions left families traumatised in the very places they were supposed to feel safest. The situation had reached alarming levels and threatened not only the peace of ordinary citizens, but also the country’s reputation as one of the safest and most...