Sefalana expects profits to soar beyond P100m

The group whose retail wing, Sefalana Cash and Carry is growing rapidly in Lesotho, Namibia and South Africa, announced record high revenues and profits for the year ended April 30, 2018 of P4.8 billion and P231.7 million respectively. The group recently announced that its performance for the six months from the bumper profits to October 2018, would equally be strong.

“The board of Sefalana is pleased to announce that Sefalana’s group profit before tax for the six month period that ended October 31, 2018 will be between 15% - 25% higher than that reported for the comparative period ended October 31, 2017 which amounted to P83.1 million,” the group’s finance director, Mohamed Osman said in a Botswana Stock Exchange (BSE) announcement to investors.