Cresta Marakanelo Ltd 2024 Integrated Report
The report outlines Cresta Marakanelo Limited's performance and strategic initiatives for the fiscal year 2024. The company recorded a 4% decline in revenue to P384.7 million, primarily due to reduced occupancies in its business hotels, which led to a sharp decrease in profit after tax to P2.4 million. Despite these headwinds, the company maintained strong cash generation from operations of P94.2 million and continued its expansion projects, including adding 49 rooms at Cresta Grande Jwaneng. The company also implemented cost optimization measures, intensified digital marketing to attract international travelers, and fully implemented its new Corporate Social Responsibility policy across its units.
Company: Cresta Marakanelo Ltd
Sector: Hospitality & food services
Country: Botswana
Year: 2024
Type: Integrated Report
Pages: 57
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Cresta Marakanelo Ltd
Integrated Report
The report outlines Cresta Marakanelo Limited's performance and strategic initiatives for the fiscal year 2024. The company recorded a 4% decline in revenue to P384.7 million, primarily due to reduced occupancies in its business hotels, which led to a sharp decrease in profit after tax to P2.4 million. Despite these headwinds, the company maintained strong cash generation from operations of P94.2 million and continued its expansion projects, including adding 49 rooms at Cresta Grande Jwaneng. The company also implemented cost optimization measures, intensified digital marketing to attract international travelers, and fully implemented its new Corporate Social Responsibility policy across its units.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees