Blantyre Hotels’ half-year profit up

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Blantyre Hotels has realised a profit of MK1.97 billion in the first half of 2017, up from MK1.64 billion realised over the same period last year.

The company has also registered a 12.3 percent increase in profit before income tax, from MK286.4 million in the first six months of 2016 to MK321.6 million during the same period this year.

Blantyre Hotels’ half year profit up

According to a statement issued by the company and signed Chairman of Board of Directors V. Kumwenda and Director Daniel, the profits have been realised because the company has improved its services.

“During the period, the company has embarked on improvements to its fire life and safety compliance with Marriot group International Standards offering greater security of international standards to guests,” reads the statement.

On dividends, the Board of Directors has resolved to pay an interim dividend of MK64.6 million (2016: MK64.6 million), representing 50 tambala (2016: 50 tambala) per share for the year ending 30 September 2017.

Blantyre Hotels Limited owns Protea Ryalls Hotel.

 

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