Botswana’s two listed tourism companies have revealed to the market that their interim results are likely to be higher suggesting that the travel market is making improvements.Wilderness Holdings, that trades as Wilderness Safaris and Chobe Holdings have both notified the Botswana Stock Exchange they expect improved and better half year performances respectively.
“In terms of the listing requirements of the Botswana Stock Exchange, the Board of Directors hereby announces that the Group’s results for the half year ended 31 August 2014 are likely to be significantly higher than those achieved in the corresponding period in prior year,” said Chobe Holdings in a note on the BSE website.
“Shareholders are accordingly advised to exercise caution when dealing in the Company’s securities until the results are announced.”
Equally, its peer, Wilderness Safaris said its half year results are likely to be better. “The Board of Wilderness hereby announces that the Group’s interim results for the six months ended 31 August 2014 are likely to be significantly higher than those achieved in the six months ended on 31 August 2013.”
“Full details of the factors giving rise to this improvement in performance will be given in the announcement of the interim results, due to be released on 23 October 2014. Accordingly, shareholders are advised to exercise caution when dealing in the company’s securities. “
