Sefalana’s Namibian operations shine :: Mmegi Online

Sefalana group said its profit before tax (PBT) went up five percent as shown by its latest financial statements. Directors of the BSE-listed diversified retail and manufacturing business chain with specialty in food retail noted PBT stood at P205 million, as opposed to the P195 million recorded in the corresponding period on the prior year.

When presenting the financial results for the period ended October 29, 2023, Sefalana Group Finance Director, Mohamed Osman said this was largely contributed to their Namibian operations. "This business makes a significant contribution to overall group results each year," he said.

According to financial statements, during the reporting period, Namibia contributed 33% of the revenue and 30% of the PBT while turnover amounted to P1.6 billion, which was a growth of three percent on the prior year despite one less trading week. Trading under the Metro Namibia, the group operates 25 stores that are strategically located across Namibia.

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