NWR out of the woods with N.dollars 679 million earnings

28 Mar 2018 14:30pm
WINDHOEK, 28 MAR (NAMPA) – Namibia Wildlife Resorts (NWR) has made a combined revenue of over N.dollars 679 million during the 2015/16 and 2016/17 financial years.
This was revealed by NWR Managing Director Zelna Hengari during a recent media engagement hosted by Mobile Telecommunications Limited (MTC) in partnership with NWR at the Gross Barmen resort.
Hengari said during the 2015/16 financial year, NWR earned revenue of N.dollars 300 million, while in 2016/17, it made N.dollars 379 million.
She said the revenue was used to clear all NWR’s historical debts, which included tax liability of over N.dollars 33 million in 2015.
“Since then, NWR has not begged Government for bail-outs to pay salaries,” Hengari said.
She extended thanks to the new board that was appointed in March 2016, saying it has brought significant changes, “thus NWR is doing exceptionally well compared to before”.
In an interview with Nampa, NWR Public Relations Officer Mufaro Nesongano said over the past three years, NWR grew its brand through direct marketing of establishments to areas such as North America, Europe and Asia. It also improved the guest experience at the various resorts which resulted in increased occupancy and revenue.
“NWR expanded its income generating activities such as shuttle services at Sossusvlei and conferences. We re-launched Popa Falls, Gross Barmen, Hardap, Hobas, Duwisib Castle and Naukluft back into the market after they underwent renovations,” said Nesongano.
He added that NWR will welcome any capitalisation from Government as this will help Namibia absorb the surge in tourist arrivals that the country is currently experiencing, by expanding and improving existing facilities.
(NAMPA)
LD/PS/AS