Serena hotels owner narrows half year net loss to Sh168.6m

Serena hotels board of directors did not recommend declaration of an interim dividend in the period. FILE PHOTO | NMG

TPS East Africa #ticker:TPSE , the parent firm of the Serena group of hotels, narrowed its losses by 10.69 per cent in the six months to June 2018 as sales rose marginally.

The NSE-listed company, a major operator in the hospitality sector across Eastern Africa, saw its net loss drop to Sh168.6 million in the first six months of 2018 compared to Sh188.7 million in the same period last year.

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Note: The results are not exact but very close to the actual.