Sechaba volumes decline

Sechaba has released interim results for the half-year ended 30 June 2017. Highlights include a 6.3 percent decline in total volumes compared to prior period. Share of results of associates declined by 22.6 percent to P52.9 million (H1 2016: P68.4 million). Profit after tax was down 13.9 percent to P47.5 million (H1 2016: P55.2 million). Earnings per share were 35.7 thebe (H1 2016: 41.5 thebe). The balance sheet grew 4.3 percent to P565.5 million (2016: P542 million). An interim dividend of 28 thebe per share was declared on 26 July 2017.