KBL sales volumes continue to decline
Tuesday, August 15, 2017
In the six months to June 30, 2017, KBL suffered a 6.3% slide in total sales volume to 909,800 hectolitres from 970,700 hectolitres in the prior year. Sechaba, which holds a 60% shareholding in KBL with the remainder owned by AB InBev, saw a decline of 13.9% in profit after tax (PAT) from P55.1 million to P47.5 million the previous period.
KBL is involved in the manufacturing, import, and distribution and marketing of a range of clear beers, alcoholic fruit beverages, soft drinks, purified water, opaque beer and other non-alcoholic drinks.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...