Registers 28 percent increase on volumes
For the half-year ended 30 June 2021, profit after tax for the country’s largest producer of clear beer, Kgalagadi Breweries Limited (KBL), increased by 144 percent (P70.5 million) from P48.8 million recorded in 30 June 2020 to P119.3 million recorded in the period under review, contributing immensely to Sechaba Holdings Limited’s (SBHL) improved performance.
Sechaba has 49.9 percent shareholding in KBL and 49.9 percent in Coca Cola Beverages Botswana Limited (CCBB).
KBL also registered a 28 percent increase on volumes sold – from 425.9 million hectoliters in the prior period to 545.1 million hectoliters in the period under review.
The brewer is focused on the manufacturing, import, distribution and marketing of a portfolio of clear beer, alcoholic fruit beverages and traditional beers.
KBL’s sister company, CCBB, saw its profit after tax increase by 48 percent from P31.6 million on 30 June 2020 to P47.1 million in the period under review. Volumes sold increased by 31 percent rom 359.3 million hectoliters in the prior year to 469.5 million hectoliters in the year under review.
Altogether KBL contributed 72.6 percent to Sechaba’s total profit after tax, which increased from P35.2 million in H1 2020 to P74.7 million in the period under review while CCBB contributed 27.3 percent.
“What is to be noted is that in the prior year, the first half of the year had in it stringent measures by the Government of Botswana to curb the COVID-19 pandemic, which included bans on the sale of alcohol for a significant part of the 2020 H1,” said SBHL Managing Director, Faith Nteta, in the company results for H1 2021 released recently.
“Financial year 2021, however, had less measures that impacted trade in comparison to
the prior year.”