Sefalana Post P1.8 Billion Revenue In Six Months

Monday, February 01, 2016

Sefalana Group has registered an 18 percent jump in revenue to P1.8 billion in the half-year period to October 2015. Gross profits were also 11% up on prior period at P146 million, but profit before tax, at P80.4 million was at level with prior period.

The group’s largest subsidiary, Sefalana Cash and Carry Limited (Botswana) contributed 66% and 58% of the group’s revenue and profit before tax.

The group also reported knock down effect of the falling South African Rand at its Namibian market where the falling Rand shaved off R15 million when the Namibian Dollar was converted to the Pula.

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