KBL profits double as consumers guzzle 70.7m litres in six months
Mbongeni Mguni | Thursday October 3, 2019 23:00
The strong volumes were supported by the reduced alcohol levy and relaxed liquor trading hours ushered in by the Masisi administration.
In its financials for the half year ended June 30, 2019, Sechaba Brewery Holdings Limited, which owns 60% of KBL, said the stronger volumes were largely across the various products the alcohol manufacturers produces. Only traditional beer sales were down in the first six months.
The stronger sales helped KBL’s pretax profits to P196.4 million, a 122% increase on the year before.
Sechaba’s other investment, Coca Cola Beverages Botswana also performed well, with volumes rising 33% in the first six months of the year to 41.8 million litres.
Sechaba’s share of profits from both its investments rose by 113% to P96.6 million in the first six months of the year.