The listed hospitality firm reported a net loss of Sh15.9 million for the six months, compared to a profit of Sh695.95 million last year.
The firm's revenues dropped 11 percent to Sh4 billion, which management attributed to public protests witnessed across the country.
TPS Eastern Africa Plc, the operator of the Serena hotels brand, is optimistic about improved performance in the second half of the current financial year, despite incurring net losses in the six months ended June 30, 2025.
The listed hospitality firm reported a net loss of Sh15.9 million for the six months, compared to a profit of Sh695.95 million last year. The dip followed the reversal of a Sh762 million unrealised forex gain in June last year to a Sh17 million currency loss this year owing to a stable shilling that has held at Sh129 to the dollar since the start of the year.
