Sefalana Holdings Limited profit before tax increased significantly by 21 percent to P403 million during the year ended April 2023.
The increase in profit is attributed to the business diversification strategy across the region. Presenting the financial results Friday, Sefalana Group Managing Director, Chandra Chauhan said the group’s manufacturing operations which support the fast moving consumer goods (FMCG) businesses have performed well during the year despite certain challenges relating to procurement and import restrictions.
“Our diversification across sectors and territories has helped enable us to consistently deliver better results year on year for our Shareholders, ”Chauhan said. The group invested significantly in inventory to ensure supply constraints were minimized and this has enabled the group to avoid stock-outs and provide customer base with a consistent product offering.
There have been a number of significant price increases from suppliers in South Africa over the last 18 months, and where possible we have increased procurement to mitigate against these increases.
In doing so, we have been able to delay price increases to our end consumer wherever possible”.The company’s net assets position at April 2023 amounted to P2.3 billion while the market capitalisation amounted to P2.5 billion. The business is the largest in the Retail and Wholesale sector listed on the Botswana Stock Exchange (BSE).
The Group has created employment for an additional 1,004 staff during the year increasing the total number of staff to 6,623 representing an 18 percent increase. “We are pleased to be one of the largest private sector employers in the country.
Of the 1,004 additional staff, 546 related to the Botswana businesses. Our citizen employment rate in Botswana remains just over 99.4 percent. Sefalana’s share price at P9.79 has not seen significant movement during the year, predominantly because of the illiquid nature of stock, where large institutional shareholders opt to hold on to their holdings in Sefalana despite an overweight position.
The increase in profit is attributed to the business diversification strategy across the region. Presenting the financial results Friday, Sefalana Group Managing Director, Chandra Chauhan said the group’s manufacturing operations which support the fast moving consumer goods (FMCG) businesses have performed well during the year despite certain challenges relating to procurement and import restrictions.
“Our diversification across sectors and territories has helped enable us to consistently deliver better results year on year for our Shareholders, ”Chauhan said. The group invested significantly in inventory to ensure supply constraints were minimized and this has enabled the group to avoid stock-outs and provide customer base with a consistent product offering.
There have been a number of significant price increases from suppliers in South Africa over the last 18 months, and where possible we have increased procurement to mitigate against these increases.
In doing so, we have been able to delay price increases to our end consumer wherever possible”.The company’s net assets position at April 2023 amounted to P2.3 billion while the market capitalisation amounted to P2.5 billion. The business is the largest in the Retail and Wholesale sector listed on the Botswana Stock Exchange (BSE).
The Group has created employment for an additional 1,004 staff during the year increasing the total number of staff to 6,623 representing an 18 percent increase. “We are pleased to be one of the largest private sector employers in the country.
Of the 1,004 additional staff, 546 related to the Botswana businesses. Our citizen employment rate in Botswana remains just over 99.4 percent. Sefalana’s share price at P9.79 has not seen significant movement during the year, predominantly because of the illiquid nature of stock, where large institutional shareholders opt to hold on to their holdings in Sefalana despite an overweight position.
