Blantyre Hotels Limited (BHL) has announced its mid-year performance results, announcing a 19% increase in profits after tax with comparison to results of the same period last year. The results come along with strategies that the company has put in place, especially in a market that has seen the opening of many hotels.

A financial report compiled by Alliance Capital, has shown that BHL Revenue increased slightly by 1.4% from MK1.966 billion

recorded last year to MK1.993 billion, which is attributed to increasing revenue in food and beverages. The report reads, “Increasing competition in the market with the new

hotels built and closure of the Chileka International Airport runway has impacted growth of the company”

BHL has stated that it expects that in the last part of the year, performance will improve due to continued strategies on strengthening relationships with corporate clients in order to improve occupancy levels.

Meanwhile the report has also shown progress on hotel expansion. The report reads, “Oasis Hospitality Limited was incorporated in March 2019 as the special purpose vehicle that will house the new 180 room hotel in Lilongwe. Professional consultants led by Eris Properties Malawi Limited have been engaged and prepared design concepts for the hotel. Discussions with the land owners and all land processes are expected to conclude soon.”

The board directors of BHL have resolved to pay an interim dividend of MK84 million (2018: 67.1 million) to represent 10 tambala per share which is payable on 25 July 2019.