Sefalana revenue soars beyond P9bn

Sefalana
Sefalana

Sefalana group, the diversified retail and manufacturing business chain with specialty in food retail, has generated revenue soaring beyond P9.1 billion for the financial year ending April 2023.

The whooping revenue is an uptick of 21% compared to the prior financial year. The group reported that for the same financial year it generated profits of P403 million, as profit before tax (PBT), which represents a growth in profit of 21% a growth that represents strong financial performance.

Delivering the financial results for the reporting period, Sefalana group managing director (MD) Chandra Chauhan said the strong financial performance largely owed to the fading away of COVID-19 effects and the improvement in consumer spending. “The harsh effects of COVID-19 on the macro and micro economic have faded away, and consumer spending has improved though not fully recovered,” he said.

Editor's Comment
Government’s efforts commendable!

Since the news broke, the government made sure to work hand in hand with the South African government to assist the families of the victims. The two countries came together to help the families identify the bodies of their loved ones through DNA testing. The government also announced that they would assist families with food for mourners before the funerals.Even though the deceased persons were mostly residents of Molepolole, the government...

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