Sechaba Brewery profits halve

Wednesday, May 03, 2017

National brewer, Sechaba Brewery Holdings Limited profits almost halved for the nine months ended December 31, 2016. Profit for the period was P96.3 million, a 43% decline from P171.1 million of the previous period.

Total volumes for the nine months period were 1,670,194 hectolitre from 1,699,166 hectolitre of the prior period, which is a 1.7% drop.

According to Sechaba, the decline in the financial performance was mainly attributable to the current challenging regulatory environment in which the company operates under.

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