Cresta Marakanelo Ltd 2021 Integrated Report
The report outlines Cresta Marakanelo Limited's financial and operational performance for the fiscal year 2021, highlighting a 12% increase in revenue to BWP 216.4 million and a 480% increase in cash generated from operations to BWP 33.8 million. Despite continuing challenges from the COVID-19 pandemic, the company successfully managed costs, avoided retrenchments through salary deferrals, and prepared for recovery by signing a lease expansion for the Cresta Mahalapye Hotel. Additionally, the Group made the strategic decision to cease its hotel operations in Zambia, classifying them as discontinued operations.
Company: Cresta Marakanelo Ltd
Sector: Hospitality & food services
Country: Botswana
Year: 2021
Type: Integrated Report
Pages: 113
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Cresta Marakanelo Ltd
Integrated Report
The report outlines Cresta Marakanelo Limited's financial and operational performance for the fiscal year 2021, highlighting a 12% increase in revenue to BWP 216.4 million and a 480% increase in cash generated from operations to BWP 33.8 million. Despite continuing challenges from the COVID-19 pandemic, the company successfully managed costs, avoided retrenchments through salary deferrals, and prepared for recovery by signing a lease expansion for the Cresta Mahalapye Hotel. Additionally, the Group made the strategic decision to cease its hotel operations in Zambia, classifying them as discontinued operations.
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Document Details
Report Year
2021
Reporting Period
Jan 1, 2021 - Dec 31, 2021
Fiscal Year
2021
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees