Sunbird Tourism(plc), a publicly quoted enterprise listed on the malawi stock exchange, has announced that it has chalked a profit after task of MK5.3 billion during the financial year ended 2023.
This represents a significant 72 percent increase from the Mk3.1 billion it recorded in the year 2022.
Chairman of the board for the oldest hospitality entity Vilipo Munthali disclosed this in Blantyre during the 36th annual general meeting for the company.
Munthali further disclosed that the firm saw it’s share price increased from Mk92.06 in 2022 to Mk191.07 at the end of 2023.
” This is probably due to the increase in occupancies to pre-pandemic levels among other factors, ” he said.
Munthali further said the profitability was also…