KBL profits expected to nearly double

KBL's fortunes are finally turning a corner afta a decade's demise
KBL's fortunes are finally turning a corner afta a decade's demise

Sechaba Brewery Holdings Limited, which owns 60% of Kgalagadi Breweries Limited, expects its pre-tax earnings for last year to be nearly double the 2017 figure of P112 million, breaking a 10-year streak of plummeting profits.

KBL is Sechaba’s sole investment and the holding company’s results are directly linked to the beverage manufacturer’s own performance. Global beverage giant, Anheuser-Busch InBev holds 40% in KBL and a separate direct stake of 16.84% in Sechaba.

Each year since the introduction of the alcohol levy in 2008 and subsequent liquor trading restrictions, Sechaba has issued profit cautionaries to investors warning of falling profits. However last week, the holding company issued a profit cautionary advising investors of higher profits, the first such notice the battle-weary stockholders have received in a decade.

Editor's Comment
GBV: The big elephant in the room

Sadly, the country seems not to have proper tools and the extent to which women and the girl-child are being abused is not adequately measured.Almost every week there are reports of women being attacked by their significant others and while men are attacked as well, women seem to be more on the receiving end.On May 24, 2023 news broke that a woman who was receiving support from the Botswana Gender-Based Violence Prevention Centre in Gaborone, was...

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