Taj Pamodzi Hotel – Abridged Financial Results Analysis
Taj Pamodzi Hotels Plc, Tourism

Taj Pamodzi Hotel is an incredible 5-star hotel that is located in the center of Zambia’s capital Lusaka, within easy reach of popular attractions such as the Independence Stadium. This luxurious hotel combines top quality amenities with elegant design to provide guests with a welcoming atmosphere that ensures a comfortable and relaxing stay while at the Taj Pamodzi Hotel.

In its financial year ending 31st March 2019, the hotels room segment income increased due to increase in higher number of delegations arrived in the hotel over the last year and transient segment revenue also performed higher than the last year resulting in higher revenue (Annual Report 2018). Overall, the average daily rate increased due to the Kwacha depreciation hence increasing the overall revenue per room. Moreover, “the total turnover increased by 7.13 percent from ZMW77.5 million to ZMW83.0 million over the same period and operating profit margin also increased by 11.3 percent from ZMW13.7 million to ZMW15.3 million for the period ended 31st March 2019” (Abridged Financial Statement, 2019).

These increases were mostly due to the increase in room segment income and Food and beverage segment income as compared to last year. Overall, “this contributed to a Profit After tax increase of 39.7 percent from ZMW1.7 million to ZMW2.4 million in 2019 over the same period”. Moving forward, the future for Taj Pamodzi Hotel looks positive and optimistic as the management will remain focused on productivity improvements and cost control (Abridged Financial Statement, 2019). Moreover, Pamodzi aims to drive growth through their operations as it has embarked on a strategy to enhance and maintain operational efficiency while remaining focused on delivering a high-quality service that is unrivalled on the Zambian market. For now, the shareholders look forward to the 24th Annual General Meeting at Taj Pamodzi Hotel on 28 June 2019 at 14:00hrs to declare a final dividend of ZMW 0.014 per share for the year ended 31 March 2019 as recommended by the directors.

 

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