Analyzing its 2018 financial year, Sunbird plc has announced an after tax profit of MK2.562 billion, showing a 5% in increase from after tax profit in 2017.
The analysis report also portrays strategies to increase revenue amidst a competitive hospitality industry. Such strategies include growing other segments such as leisure by introducing new water sports equipment at its lake shore hotels, constructed swimming pool at SUNBIRD Mzuzu.
Also in plan is the refurbishment of 51 SUNBIRD Nkopola bedrooms, the construction of 42 new bedrooms at SUNBIRD Livingstonia Beach and completion of the 500 seat conference hall at SUNBIRD Mount Soche.
The Hotels and Resorts giant has touted the improvements in inflation as positively affecting SUNBIRD by the reduction of interest rates which reduced finance costs which totaled to MK398 million from MK592 million in 2017.
The good year brings good news to shareholders, as the board directors of SUNBIRD PLC have resolved to pay MK131 million translation to 50 tambala per share as final dividend for 2018.