Lower losses for Cresta as business improves

Botswana ‘s flagship hotels group Cresta Marakanelo on Finance told its shareholders that the unaudited consolidated loss before tax of the Company  for the six months ended 30 June 2021, is estimated to have reduced by between 15% to 25% (P6.6 million to P10.6 million) compared to the loss before tax of P42.5 million reported
for the six months ended 30 June 2020.

Sponsored

This improvement in performance in the current year is mainly due to uninterrupted trading throughout the period, whereas during the prior year, the Company’s results were impacted by the closure of the hotels for normal operations from 2 April 2020 to 4 June
2020, during the nationwide COVID-19 pandemic lockdown.

The unaudited interim financial statements for the period ended 30 June 2021 will be released by 30
September 2021.

“Accordingly, Shareholders are advised to exercise caution when dealing in the
Company’s securities until a full announcement is made” the company said

Sponsored
Total
8
Shares
Leave a Reply

Your email address will not be published.