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
Implement the recommendations Mr. President

The nation is eagerly awaiting this report to have a glimpse of what the recommendations are like, possibly for further debate. Mr. President, it’s our ardent hope that true to your promises, the public will have an opportunity to peruse the report and see if it reflects their interests as the Commission went around the length and breadth of the country collecting views of the people with some choosing to write to the Commission’s...

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