KBL profits expected to nearly double

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.