By Wahard Betha
Malawi Stock Exchange listed Sunbird Tourism plc says restrictions on travel and holding of meetings imposed by the World Health Organization (WHO) due to the outbreak of the novel coronavirus (Covid-19) pandemic has greatly impacted on its business and the entire hospitality industry in the first half of the year 2020.
Sunbird said this in condensed interim financial statements for the half year period ended June 30, 2020 which was signed by its Chairman Phillip Madinga and Director Anderson Kulugomba.
“The hospitality industry is one of the worst hit industry from the impact of Covid-19 pandemic.”
“The pandemic has had significant adverse impact on the business, affecting all its segments due to worldwide health guidelines and restrictions which resulted in the reduction of travel, both local and international, and the holding of meetings,” reads the statement.
It says the pandemic has influenced the company’s total revenue to decline from a total of MK9.038 billion of last year to MK6.120 billion this year representing 32%.
The report says in the total revenue, catering division revenue was amounted to MK454 million representing 39%, lower than the revenue achieved for the same period of MK739 million.
It also says the corporate segment, at 68% of total room nights sold, continued to be the anchor segment followed by conference segment at 16%.
The report reads: “These segments are expected to be the key drivers for the business in the short to medium term. The company is implementing various initiatives to grow other segments such as leisure in order to diversify revenue sources.”
It also laments that pre-election political tensions created bottle necks in the company’s revenue sources following reduction in the activities by customers due to cautions of travelling during the first half of the year.
Meanwhile, the company’s operating costs on administration and other expenses totaled MK5.8 billion, 3.4% higher than same period last year, which is favorable compared with inflation trends.
Finance costs totaled MK289 million which was 181% above last year’s MK103 million, driven by capitalization of completed projects from prior year.
The company also registered loss after tax of MK1.336 billion compared unfavorably to the profit of MK1.197 achieved in the same period in the year 2019.
Subbird projects continued global recession due to the pandemic negatively affecting the hospitality industry.
However, the firm is optimistic for a gradual improvement to the sector following easing of lockdowns in various countries and reopening of borders and airports.
Sunbird says the recovery process will be complemented by the new government’s transformation agenda premised on the three key themes of inclusive and sustainable growth, macroeconomic stability and sound financial management.
Reads the statement: “There are a number of key product improvement plans that have been implemented across the company and some that are currently underway.”
“Construction of a new 42-bedroom beach resort at Sunbird Livingstonia Beach is at an advanced stage and expected to be opened later in the year, while construction of additional 15 rooms at Sunbird Nkopola Lodge is in the final stages and it is expected to be completed in the third quarter of the year,” says the company. It says the Board’s focus remains to continue building a resilient brand by improving service delivery and guest experience through product and infrastructure improvements and intensifying sales and marketing activities to ensure that the group maintains its market leadership in the hospitality industry.
I got what you intend, thankyou for posting.
Audio started playing as soon as I opened up this internet site, so frustrating!
I am really pleased to glance at this blog posts which contains plenty of valuable
data, thanks for providing these kinds of statistics.
Please let me know if you’re looking for a author for your blog.
You have some really good articles and I believe I would
be a good asset. If you ever want to take some of the load off, I’d love to write some
articles for your blog in exchange for a link back
to mine. Please blast me an e-mail if interested. Many thanks!
Way cool! Some extremely valid points! I appreciate you penning this post
and the rest of the website is extremely good.
Wonderful beat ! I wish to apprentice while you amend your web site, how can i subscribe for a blog site?
The account helped me a acceptable deal. I had been tiny bit acquainted of this your broadcast
offered bright clear concept
my blog post … 1 ok388 – 918Kiss-m.com –
Please let me know if you’re looking for a author for your site.
You have some really great posts and I feel I would be a good asset.
If you ever want to take some of the load off, I’d love to write some articles for your
blog in exchange for a link back to mine. Please send me an e-mail if interested.
Many thanks!
Feel free to surf to my web blog; kiosk 3win8
Awesome! Its in fact remarkable article, I have got much clear idea on the topic of from this
article.
My web-site … test 918kiss plus (918kiss-m.com)
Thank you for the good writeup. It in fact was a amusement account it.
Look advanced to more added agreeable from you!
However, how can we communicate?
Here is my web page akaun test wukong333; Natasha,
I think the admin of this web page is genuinely working hard for his web site, since here every data is quality based material.
My brother recommended I may like this blog. He used to be totally right.
This publish actually made my day. You cann’t consider simply
how much time I had spent for this info! Thank you!
Hello there! Do you use Twitter? I’d like to follow you if that would be okay.
I’m undoubtedly enjoying your blog and look forward
to new posts.
Feel free to surf to my webpage; Joker123 Ios Apk
Hi there friends, its wonderful post regarding cultureand fully defined,
keep it up all the time.
My blog :: 918kiss sg
Hi I am so happy I found your blog page, I really found you by error, while I was browsing on Askjeeve for something else, Anyways I am here now
and would just like to say cheers for a fantastic post and a all round
enjoyable blog (I also love the theme/design), I don’t have time to go through
it all at the moment but I have saved it and also added in your RSS feeds, so when I have
time I will be back to read a great deal more, Please do keep up the excellent job.
My blog post … joker128 download [Harry]
When there are extra than two attainable outcomes the value of the subsequent
bets can be calculated with respect to the lowest quoted odds.
West Virginia officially opened its sports betting industry on August 30, 2018.
Right away I am ready to do my breakfast, after having my breakfast coming over again to read more news.
Thanks for your personal marvelous posting! I seriously enjoyed reading it, you’re a great
author. I will ensure that I bookmark your blog and will eventually come
back in the foreseeable future. I want to encourage you
to definitely continue your great job, have a nice morning!
It’s an remarkable piece of writing designed for all the web viewers; they will
obtain benefit from it I am sure.
I am extremely impressed with your writing skills as well as
with the layout on your blog. Is this a paid theme or did you modify it yourself?
Either way keep up the nice quality writing, it’s rare to see a great blog like this one these days.
I constantly spent my half an hour to read this blog’s articles daily along with a cup of
coffee.
Hello my family member! I wish to say that this post is amazing, nice written and
include approximately all significant infos.
I would like to look extra posts like this .
Greetings! Very helpful advice within this post! It is the little changes that
produce the most significant changes. Thanks a lot for sharing!
I’ve been exploring for a bit for any high quality articles or weblog posts on this kind of house .
Exploring in Yahoo I at last stumbled upon this web site.
Reading this information So i’m satisfied to show that
I have an incredibly good uncanny feeling I found out exactly what I
needed. I most without a doubt will make certain to don?t
fail to remember this site and give it a look regularly.
An impressive share! I’ve just forwarded this onto a co-worker who was
conducting a little research on this. And he actually bought me lunch simply because I found it for him…
lol. So let me reword this…. Thanks for the meal!!
But yeah, thanks for spending time to discuss this issue here on your website.
Greate article. Keep posting such kind of info on your page.
Im really impressed by it.
Hey there, You have done a great job. I will certainly digg it and personally suggest to my
friends. I am confident they will be benefited
from this site.
My brother recommended I might like this web site.
He was entirely right. This post actually made my day.
You cann’t imagine just how much time I had spent for
this information! Thanks!
You’re so awesome! I do not suppose I’ve read anything like
this before. So good to find somebody with some unique thoughts on this issue.
Really.. many thanks for starting this up. This web site is one thing that is
required on the internet, someone with a little originality!
I visited multiple web pages but the audio feature for audio songs existing at this web page is truly fabulous.
I truly love your site.. Excellent colors & theme. Did you create this web site yourself?
Please reply back as I’m hoping to create my own website
and would like to learn where you got this
from or what the theme is called. Thanks!
I am curious to find out what blog platform you are working with?
I’m having some small security issues with my latest
site and I’d like to find something more safeguarded. Do you have
any suggestions?
Thanks for sharing your thoughts about website.
Regards
I must thank you for the efforts you’ve put in writing this blog.
I really hope to see the same high-grade blog posts by you later on as well.
In truth, your creative writing abilities has encouraged me to get
my very own website now 😉
We’re a group of volunteers and opening a new scheme in our community.
Your web site offered us with valuable information to work
on. You’ve done a formidable job and our whole community
will be grateful to you.
Ahaa, its nice discussion regarding this article here at this website, I have read all that, so now
me also commenting at this place.
Excellent items from you, man. I’ve remember your stuff prior to and
you’re just too excellent. I actually like what you have acquired here, really like what you are stating and the best way by which
you are saying it. You are making it entertaining
and you continue to take care of to keep it wise. I can not wait to read much more
from you. That is actually a great site.
Hello, Neat post. There is a problem along with your site in web
explorer, may test this? IE still is the market chief and a good component to folks will pass over your fantastic writing because of
this problem.
Wonderful blog! I found it while searching on Yahoo
News. Do you have any suggestions on how to get listed in Yahoo News?
I’ve been trying for a while but I never seem to get there!
Thank you
Quality articles or reviews is the main to interest
the visitors to go to see the web site, that’s what this web page
is providing.
Hi! I know this is kinda off topic however , I’d figured I’d ask.
Would you be interested in trading links or maybe guest authoring a blog
article or vice-versa? My site discusses a lot of
the same subjects as yours and I feel we could greatly benefit from each other.
If you might be interested feel free to send me an e-mail.
I look forward to hearing from you! Awesome blog by the way!
I absolutely love your blog and find the majority of
your post’s to be what precisely I’m looking for. Do you offer
guest writers to write content in your case?
I wouldn’t mind producing a post or elaborating on a number of the subjects you write about here.
Again, awesome blog!
Heya i’m for the first time here. I came across this board and I
find It really useful & it helped me out a lot. I hope to give something
back and help others like you helped me.
Hi there, I wish for to subscribe for this weblog to take most recent updates, so where can i do
it please assist.
I really like it when folks come together and share thoughts.
Great website, continue the good work!
Pretty component to content. I just stumbled
upon your website and in accession capital to say that I acquire in fact loved account your weblog posts.
Any way I’ll be subscribing on your feeds and even I achievement you get right of entry
to constantly quickly.
Hello, I believe your web site could possibly
be having browser compatibility issues. Whenever I take a look at your blog in Safari, it looks
fine however, when opening in Internet Explorer, it’s got some overlapping issues.
I just wanted to give you a quick heads up! Aside from
that, great blog!
Hi there, I check your blogs on a regular basis. Your humoristic style is witty, keep doing what
you’re doing!
Saved as a favorite, I love your site!
After I originally left a comment I appear to have clicked the -Notify
me when new comments are added- checkbox and now whenever a comment is added I
get four emails with the exact same comment. Perhaps there is an easy method you can remove me from that service?
Appreciate it!
Hello! I realize this is kind of off-topic but I needed to ask.
Does managing a well-established website such as yours
take a massive amount work? I am brand new to blogging however I do write
in my diary every day. I’d like to start a blog so I can share my experience and feelings online.
Please let me know if you have any suggestions
or tips for new aspiring blog owners. Thankyou!
Woah! I’m really digging the template/theme of this website.
It’s simple, yet effective. A lot of times it’s challenging to get that
“perfect balance” between user friendliness and visual appeal.
I must say you have done a great job with this. In addition, the blog loads extremely quick for me on Internet explorer.
Excellent Blog!
Have you ever thought about including a little bit more than just your articles?
I mean, what you say is fundamental and everything.
Nevertheless just imagine if you added some great pictures or videos to give your posts more, “pop”!
Your content is excellent but with pics and videos, this
blog could certainly be one of the best in its field.
Terrific blog!
This website was… how do you say it? Relevant!! Finally I have found
something that helped me. Kudos!
My brother recommended I might like this website.
He was entirely right. This post actually made my day. You can not imagine just how much time I had spent for this information!
Thanks!
We’re a group of volunteers and opening a new scheme in our community.
Your site offered us with helpful info to work on. You’ve
performed a formidable process and our whole group will
be grateful to you.
Your style is so unique compared to other folks I’ve read stuff from.
Thank you for posting when you have the opportunity,
Guess I’ll just bookmark this web site.
Very nice article. I certainly love this site.
Continue the good work!
Hey there just wanted to give you a brief heads up and let you know a few of the pictures aren’t
loading properly. I’m not sure why but I think its a linking issue.
I’ve tried it in two different web browsers and both show the same outcome.
Quality articles or reviews is the important to be a focus for the viewers to pay a quick visit the web page, that’s what this web page is providing.
Article writing is also a excitement, if you be acquainted with
afterward you can write if not it is difficult to
write.
You appreciate sports stats and rewatch classic games for
the nuance.
I’m really enjoying the design and layout of your blog.
It’s a very easy on the eyes which makes it much more enjoyable for me to
come here and visit more often. Did you hire out a designer to create your theme?
Great work!
Hi there, I enjoy reading through your article post.
I wanted to write a little comment to support you.
Verify out William Hill’s guide to sports betting, which covers all
the will need-to-know topics and terms.
Ridiculous story there. What occurred after?
Take care!
I have been exploring for a little for any high-quality articles or weblog posts on this sort of
area . Exploring in Yahoo I eventually stumbled upon this
website. Studying this info So i’m glad to convey that I have an incredibly good uncanny feeling I came
upon just what I needed. I such a lot for sure will make sure to do not put out of
your mind this site and give it a glance regularly.
This is a topic that is close to my heart… Cheers! Exactly where are your
contact details though?
It’s really very complex in this active life to listen news on TV, thus I just use web for that reason, and
get the latest news.
These are actually enormous ideas in about blogging. You have touched
some fastidious points here. Any way keep up wrinting.
I jսust like the heⅼpfսl info you suррly to your articles.
I’ll bookmark youir Ьlog and check onmce more here
frequently. I’m fairly certain I’ll learn many new stuff propеr here!
Good ⅼuck for the next!
Hellο, i read your blog from tome to time and і own a similar one and i was just curiօus
if you get a lot of spam responses? If so how do you protect agаinst it, any
plugin or anything you can recommend? I get so much lawtely it’s Ԁrіving me mad so any
support іs vеry mich aⲣpreciated.
Definitely imagine that which you stated. Your favorite
reason seemed to be on the net the easiest factor to take into accout
of. I say to you, I certainly get annoyed while people consider worries that
they just don’t realize about. You controlled to hit the nail upon the
top and also defined out the entire thing without
having side effect , folks can take a signal. Will likely be back to get more.
Thanks
Have you ever thought about including a little bit more than just your articles?
I mean, what you say is fundamental and everything.
But imagine if you added some great visuals or videos to
give your posts more, “pop”! Your content is excellent but with pics and videos, this
blog could undeniably be one of the very best in its niche.
Superb blog!
It’s truly very difficult in this full of activity life to listen news on TV,
so I just use internet for that purpose, and take the most up-to-date information.
An outstanding share! I’ve just forwarded this onto a colleague who has
been doing a little research on this. And he in fact ordered me breakfast
because I discovered it for him… lol. So allow me to reword
this…. Thank YOU for the meal!! But yeah, thanx
for spending the time to discuss this subject here on your web page.
Hello, i think that i noticed you visited my website so
i got here to go back the desire?.I’m attempting to find issues to improve my
site!I suppose its ok to use some of your ideas!!
wonderful points altogether, you simply won a new reader.
What could you suggest about your publish that you
simply made some days ago? Any certain?
I simply couldn’t go away your web site before suggesting that I actually enjoyed the usual
info a person supply on your visitors? Is going to be back regularly to inspect
new posts
I am sure this piece of writing has touched all the internet visitors, its really really nice post on building up new
website.
I was curious if you ever considered changing the structure of your blog?
Its very well written; I love what youve got to say.
But maybe you could a little more in the way of content so people could connect with
it better. Youve got an awful lot of text for only having one or two images.
Maybe you could space it out better?
Hey there! I know this is kinda off topic but
I’d figured I’d ask. Would you be interested in exchanging links or maybe guest
authoring a blog post or vice-versa? My website goes
over a lot of the same subjects as yours and I think we could greatly benefit
from each other. If you might be interested feel free to shoot me an e-mail.
I look forward to hearing from you! Terrific blog by the way!
Very nice post. I simply stumbled upon your blog and wanted to mention that
I’ve really enjoyed browsing your blog posts.
In any case I’ll be subscribing on your feed and I’m hoping you
write once more soon!
Greetings from Idaho! I’m bored to tears at work so I decided
to browse your website on my iphone during lunch break.
I enjoy the information you present here and can’t wait to take a look when I get home.
I’m shocked at how quick your blog loaded on my mobile ..
I’m not even using WIFI, just 3G .. Anyways, great blog!
Would love to forever get updated outstanding weblog!
Also visit my homepage … equipifieds.com
I constantly spent my half an hour to read this website’s articles or reviews all the
time along with a mug of coffee.
It’s remarkable designed for me to have a website, which is useful designed for my knowledge.
thanks admin
Hey I know this is off topic but I was wondering if you knew of any widgets I could add
to my blog that automatically tweet my newest twitter updates.
I’ve been looking for a plug-in like this for quite some time and was hoping maybe you would have some experience with something like this.
Please let me know if you run into anything.
I truly enjoy reading your blog and I look forward to your new updates.
asmr 0mniartist
Hello there! I just wish to give you a big thumbs up for the great information you have got right here on this
post. I will be coming back to your website for more soon.
asmr 0mniartist
Your means of describing all in this piece of writing is genuinely nice, every one be capable of effortlessly
know it, Thanks a lot. asmr 0mniartist
Excellent post. I was checking continuously this weblog and I am impressed!
Extremely useful information particularly the last part 🙂 I take care of such information much.
I used to be seeking this certain info for a very lengthy time.
Thanks and good luck. 0mniartist asmr
It’s really a great and useful piece of information. I’m glad that
you simply shared this helpful info with us. Please keep us up to
date like this. Thanks for sharing.
Excellent post. I was checking continuously this blog and I am impressed!
Extremely useful info specifically the last part
🙂 I care for such info much. I was seeking this particular information for a very long time.
Thank you and good luck.
I’d like to find out more? I’d care to find out some additional information.
What’s Taking place i am new to this, I stumbled upon this I have found It positively helpful and it has helped me out loads.
I’m hoping to give a contribution & aid other customers like
its helped me. Great job.
scoliosis
I was able to find good info from your blog posts.
scoliosis
scoliosis
Hello very cool web site!! Guy .. Excellent ..
Amazing .. I’ll bookmark your website and take the feeds also?
I’m satisfied to seek out a lot of helpful information right
here in the submit, we need work out extra strategies on this regard, thank you for sharing.
. . . . . scoliosis
Helpful information. Lucky me I found your web site by accident, and I’m stunned why this twist of fate did not took place in advance!
I bookmarked it.
I am regular visitor, how are you everybody? This post posted at this site is genuinely nice.
Hi there terrific blog! Does running a blog like this require a great deal of work?
I’ve no understanding of programming but I was hoping to
start my own blog in the near future. Anyways, should you have any suggestions or techniques for
new blog owners please share. I know this is off subject nevertheless I simply had
to ask. Appreciate it!
Your means of explaining everything in this article is really pleasant, every one be able to effortlessly be
aware of it, Thanks a lot.
My brother suggested I might like this blog. He was totally right.
This post actually made my day. You can not imagine simply how much time I had spent for this info!
Thanks!
リアル ドール 値段 ラブセックスドールはさまざまなメリットを持つ1つのアイテムですアイアンテックドール通常の日本のセックスドールよりも小さいAIテック–ロボットセックスドール–選択肢とボディリストセックスドールのウィッグにどのように対処できますか?
cheap realistic sex dolls Usually I don’t learn post on blogs, but I wish to say that this write-up very pressured me to take a look at and do it! Your writing style has been surprised me. Thank yo
Thanks a ton for your time to have decided to put these things together on this website. Janet and I very much treasured your suggestions through your blog on certain things. I understand that you have a number of demands on program and so the fact that an individual like you took just as much time like you did to help viewers just like us via this blog is even extremely loved.
It’s fresh to see a proper debate online and not all just concurring with the author for a change.
Hello, Neat post. There is an issue along with your site in web explorer, might check this…
information technology is increasing these days, most jobs are also related to information technology”
Even if it is in full bloom, the warmth is the same비아그라구매.
시알리스는 타다라필 성분의 발기부전 치료제 입니다.
시알리스 구매, 시알리스효과, 부작용, 복용법에 대한 모든 정보.
국내 최저가, 온라인 시알리스전문 스토어 입니다.