Economic pressures weigh on Choppies profits

Thursday, March 17, 2016

Choppies Enterprises’ performance for the six months ended December 31, 2015 was a mixed bag, with a revenue growth amid challenging macroeconomic conditions. The revenue growth did not translate into robust profit growth for the giant retailer as start-up costs, aggressive pricing and promotions strategy in new stores ate into profitability.

The group’s revenue grew by 17 percent to P3.5 billion from P3 billion achieved in the same period in the previous year.

Gross profit was up by 11 percent to P714 million as compared to P644 million while earnings before interest, taxes, depreciation, and amortisation (EBITDA) were up by five percent to P216 million.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Golden fields: The country has pursued food self-sufficiency as a long-running priority

The ROI of hosting the Debswana World Athletics Relays

Thuso Palai | 15 May 2026

How do they perform their craft?

BONGI D D M RADIPATI* | 15 May 2026

Seakgosing’s humility united bitter rivals

Tsaone Basimanebotlhe | 1d ago

Humble giant laid to eternal rest

Tsaone Basimanebotlhe | 1d ago

The nation bids Mogae a final farewell

Johannes Kambai | 1d ago

Kazungula man loses P134k to 'KYC' scammers

Pini Bothoko | 1d ago

Palapye police probe rape of 11-year-old girl

Pini Bothoko | 1d ago

That rare sight deserves heartfelt praise, not only for President Duma Boko and his administration, but also for the Botswana Democratic Party (BDP), the Umbrella for Democratic Change (UDC), the Mogae family, and the entire country.President Boko’s decision to grant a full state funeral to a man who belonged to a rival party was a mark of true statesmanship. He recognised that national leadership carries a weight that belongs to the whole...

The Monitor Editor | 19 May 2026

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Economic pressures weigh on Choppies profits

Explore

More

A P1bn food security hole