Resurgent KBL expects more bumper profits

KBL's St Louis lager PIC. THALEFANG CHARLES
KBL's St Louis lager PIC. THALEFANG CHARLES

Sechaba Brewery Holdings Limited, which owns 60% of Kgalagadi Breweries Limited (KBL), has told investors to expect a 100% to 115% increase in the interim pretax profits due to be unveiled soon.

In a profit cautionary to the Botswana Stock Exchange (BSE) this week, Sechaba directors said the expected percentage increase amounts to between P40 million and P60 million in absolute terms.

The announcement marks the second time in as many financial reporting periods that Sechaba has issued positive profit cautionaries to its investors.

Editor's Comment
Bravo police for prompt action

It is also hurting that whilst we all know that the Botswana Police Service (BPS) is charged functionally with the duties to investigate all forms of crime, some locals have resorted to taking the law into their own hands. It is very wrong to do that. There is also a possibility that one may wrongfully take the life of a person in the process, unless it is a justifiable case of self-defence. Recently, in the city of Francistown, some locals found...

Have a Story? Send Us a tip
arrow up