More articles in this category
Top Stories

An accused burglar identified only as Victory Hoaeb who got convicted in a Windhoek court on one count of housebreaking with intent to steal and t...

Walvis Bay municipality is to repair all damaged road networks in the coastal town that were ruined by heavy rains last week. The cost involved...

Researchers at Harvard’s Center for International Development (CID) have released their latest growth projections with a list of the to...

The world’s leading Promoter and current MTC Promoter/Coach of the Year, Nestor Tobias says his academy is aiming to crown at least one worl...

Agriculture minister, Alpheus !Naruseb, is weighing the options of extending the right to manage the ministry’s Namibia Agricultural Mechan...

The boss and supervisor of Andreas Matheus ,who told The Villager this week that he sustained 31 bullet wounds after he and his colleagues went af...

Other Articles from The Villager

WCCR post a good performance

Thu, 21 November 2013 20:27
News Flash

Windhoek Country Club Resort and Casino (WCCR) has reported an increase in revenue by 11.2% in the current financial year.

The revenue increase is mainly attributed to an increase of 4.6% in hotel turnover and a growth of 15.4% in casino revenues.

Furthermore, its gross margin strength from the previous financial year has increased from N$57m to N$60m this year, which is a 6% increase. However, its operating profit has gone down from N$13.6m to N$12.6m, mainly due to increased property costs.

Their net profit for the period under review has improved from N$ 8.8m to N$9.2m.           

WCCR chairman of Boards of Directors, Sven Thieme, says despite the ongoing global crises that still affect the tourism industry, "it is more laudable that we can look back at strong results. We are further faced with increased competition in the market. We welcome competition and it has spurned us on to greater heights.”

The other challenge over the past year has been the fact that the hotel has had to slow down its upgrading process due to full bookings, which have not stopped all year. The hotel's management has decided to do so, not to disrupt the clients’ peaceful stay.

Thieme adds some of their achievements this year have included their year-on-year improvement in operating profit and the outstanding performance of the casino, not to mention the repayment of the GIPF to the tune of N$40m.

The UNCCD COP11 conference in September was also a wonderful experience and a boost to the hotel's financial coffers, Thieme beamed.