Cresta Marakanelo Limited

Cresta Marakanelo narrows its loss before tax for the six months ended 30 June 2021 by 15% to 25% to between P6.6 million and P10.6 million

By Published On: August 30th, 2021Categories: Corporate announcement, Earnings

In terms of paragraph 5.4(d) of the Botswana Stock Exchange listing requirements, companies are required to publish a trading statement as soon as they have reasonable certainty that the financial results for the period to be reported upon will differ by at least 10% from those of the previous corresponding period.

Shareholders are advised that the unaudited consolidated loss before tax of Cresta Marakanelo Limited (“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. 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 information in this announcement has not been reviewed by the Company’s independent auditors.

For and on behalf of the Board of Directors.

27 August 2021


Cresta Marakanelo Limited (CRESTA.bw)

Share price: 97.00 Thebe (0.00 | 0.00% – 10/08/22)

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