Sechaba Brewery Holdings Limited Reports 55% Increase in Profit After Tax for H1 2023, Declares 10.3 thebe Interim Dividend
- 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.
Useful links
- Sechaba Brewery Holdings Limited (SECHAB.bw) HY2023 Interim Report
- Sechaba Brewery Holdings Limited on AfricanFinancials
- Corporate Website
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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