The fast moving goods company defies Covid-19
Fast-moving consumer goods group, Sefalana, is anticipating profits on its financial results for the year ended 25th of April 2022. The Botswana Stock Exchange (BSE) listed company issued a statement this week indicating that its profit before tax will significantly increase, between 12 and 15 percent.
According to the company, the profit before tax will approximately reach P35 million to P44 million higher than reported in the previous year which amounted to P290 million, The Sefalana Group Finance Director, Mohamed Osman said Sefalana will be publishing its consolidated financial results by the end of July 2022. The surge in profits comes after Sefalana Group Managing Director, Chandra Chauhan’s announcement last August that the second largest food retailer has managed to sail through the challenging COVID-19 pandemic.
Presenting their financial year ended 30 April 2021 Chauhan said: “Our greatest strategic focus has been on the core Fast Moving Consumer Goods (FMCG) business where we have placed considerable effort to enhance markings and relative contribution to group results.” Over the past years, the retail sector has been adversely affected by the movement restrictions that were not only imposed in Botswana but also in the neighbouring markets where Sefalana has outlets. With 48 years history, Sefalana’s footprint expansion continues even beyond borders.