Sefalana revenue soars beyond P9bn

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.