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
Respect public institutions Mr Pres

Leaders must uphold the rule of law and ensure justice, but Masisi’s remarks raise serious concerns on the separation of powers and the independence of the justice system.Masisi’s claim that he personally instructed authorities not to handcuff Khama, regardless of the legal circumstances, undermines the principles of justice and equality before the law.As Head of State, Masisi should respect the judicial process and avoid interfering in...

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