Monday 24 June 2019
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harare24 - 12 days ago

Rainbow Tourism Group trading update

The company delivered a strong performance in 2018 achieving revenues of $34.3 million which was 27% above the prior year despite an increasingly challenging economic climate. This performance was supported by increased occupancies and Average Daily Rate (ADR) which grew by 6% and 28% respectively. Gross profit margin (GP%) for the year closed on 68% which is an improvement of 1 percentage point ...


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