Serena hotel operator TPS narrows loss to Sh633m

Guests enjoy a serene environment at Serena Beach Hotel in Mombasa. FILE PHOTO | NMG

Serena hotel brand operator TPS Eastern Africa #ticker:TPSE nearly halved its net loss to Sh632.9 million in the year ended December as sales increased with the receding Covid-19 pandemic.

The Nairobi Securities Exchange #ticker:NSE -listed firm had made a net loss of Sh1.2 billion a year earlier when the hospitality industry suffered the most from bookings cancellations and travel restrictions as the respiratory disease unfolded.

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