KBL profits jump nearly three times over

Monday, September 27, 2021 | 1940 Views |

KBL's St Louis beer PIC. THALEFANG CHARLES

Kgalagadi Breweries Limited (KBL)’s pretax profits for the first six months of the year rose to P151.4 million, a near three-fold jump but a level still below the brewer’s pre-pandemic performance.

In a recent note to investors, directors said the higher profits were due to the fact that the brewer’s sales in the half year experienced less restrictions when compared to last year.

The P151.4 million in pretax profits is less than the P196.4 million that KBL recorded in the six months to June 2019, which represents the pre-pandemic corresponding reporting period.

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KBL profits jump nearly three times over

Kgalagadi Breweries Limited (KBL)’s pretax profits for the first six months of the year rose to P151.4 million, a near three-fold jump but a level still below the brewer’s pre-pandemic performance.

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