TPS Eastern Africa, the Serena hotels brands operator, has posted a Sh379.7 million net profit for the year ended December 2022, turning around its fortunes from a Sh639.1million loss incurred the previous year on the backdrop of the Covid-19 pandemic.
The firm’s first profit since the pandemic marks a turnaround for the group whose operations had been constrained by the pandemic-related restrictions, which largely hit the hospitality sector.
