Sefalana expects higher profits

Tuesday, January 19, 2021

Diversified retail and manufacturing group, Sefalana Holdings, expects pretax profits for the six months ended October 31 to be as much as P28 million higher than the previous corresponding period.

In a cautionary to investors last week, Sefalana directors said pretax profits for the six months to October 31, 2020 would be up to 23% higher than the P121.1 million recorded over the same period in 2019.

Directors said the drivers of the improved performance would be shared when the results are revealed before the end of January.

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