Cresta Marakanelo Ltd 2020 Integrated Report
The report outlines Cresta Marakanelo Limited's financial and operational performance for the fiscal year 2020, which was heavily impacted by the COVID-19 pandemic. The company experienced a 49% decline in revenue and a net loss of P63 million due to travel restrictions and hotel closures. In response, the group implemented proactive cash preservation measures, including capital expenditure freezes and supplier negotiations, while receiving a P14.6 million government wage subsidy to support employees. Despite these challenges, the company continued its community outreach, donating over 9,000 masks to schools and offering several hotels as quarantine centers.
Company: Cresta Marakanelo Ltd
Sector: Hospitality & food services
Country: Botswana
Year: 2020
Type: Integrated Report
Pages: 123
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Cresta Marakanelo Ltd
Integrated Report
The report outlines Cresta Marakanelo Limited's financial and operational performance for the fiscal year 2020, which was heavily impacted by the COVID-19 pandemic. The company experienced a 49% decline in revenue and a net loss of P63 million due to travel restrictions and hotel closures. In response, the group implemented proactive cash preservation measures, including capital expenditure freezes and supplier negotiations, while receiving a P14.6 million government wage subsidy to support employees. Despite these challenges, the company continued its community outreach, donating over 9,000 masks to schools and offering several hotels as quarantine centers.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees