Sechaba Brewery Holdings Limited Reports 55% Increase in Profit After Tax for H1 2023, Declares 10.3 thebe Interim Dividend

Published On: September 27, 2023Company: Sechaba Brewery Holdings Limited (SECHAB.bw)
What are the key financial highlights for Sechaba Brewery Holdings Limited for the half-year period ending June 2023?
The key highlights for Sechaba Brewery Holdings Limited for the mentioned period include an overall 55% increase in profit after tax compared to the previous half-year results, mainly fueled by increased sales revenue. The overall volume sales also saw an increase. While KBL saw an increase in profit after tax, CCBB's profit decreased by 10% due to increased operational expenditure. SBHL declared an interim dividend of 10.3 thebe per share, indicating a robust financial performance and a strong liquidity position.

Summary of the Key Points

  • The unaudited financial results for Sechaba Brewery Holdings Limited (SBHL) have been presented for the half-year period ended 30 June 2023. The accounting policies adopted comply in all material respects with the International Financial Reporting Standards.
  • SBHL holds a 49.9% interest in Kgalagadi Breweries Ltd and Coca-Cola Beverages Botswana Ltd. Overall volume sales increased during this half year.
  • SBHL achieved a 55% increase in profit after tax compared to previous half-year results, mainly due to an increase in sales revenue. There was also an increase in total volumes.
  • Although profit after tax in KBL increased, CCBB saw a 10% reduction in profit after tax mainly due to an increase in operational expenditure.
  • SBHL reports a strong liquidity position, indicating sound financial management and the potential for sustained operation in the foreseeable future.
  • The company expects a global economic rebound and predicts a GDP expansion in Botswana. The company is poised to remain responsive to market trends and committed to sustainable practices.
  • An interim dividend of 10.3 thebe per share has been declared, with payment on 23rd October 2023 for those shareholders registered by the close of business on 11th October 2023.

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About Sechaba Brewery Holdings Limited (SECHAB.bw)

Sechaba Brewery Holdings Limited is a Botswana-based beverage company listed on the Botswana Stock Exchange. The company produces a range of alcoholic and non-alcoholic beverage brands, including St Louis Beer, Cheetah Lager and Sunrise Energy Drink. The company was established in 1970 as a joint venture between Diageo and Sechaba Investment Holdings. It operates a brewing facility in Botswana, where it produces and distributes a number of brands.

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Giri

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