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Sechaba Brewery profits halve

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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Editor's Comment
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