Sefalana's P195m profits at 28% peak

The group reported that the effective tax rate for the period of 27% is significantly lower than that of the prior period which was 42% with the absorption of the accelerated withholding tax paid on dividends declared by subsidiary companies to Sefalana Holding Company Limited.

During the reporting period, overall Botswana business units have generated P120 million of profit before tax for the period compared to P75 million in the prior one. The most significant growth has been in the trading consumer goods sector with an impressive turnaround in both wholesale and retail business. Group Managing Director (MD) Chandra Chauhan pegs the development to the diversification accomplished across sectors. “This is our best half-year results to date in our 48-year history.