{"id":14526,"date":"2022-10-03T19:25:04","date_gmt":"2022-10-03T19:25:04","guid":{"rendered":"https:\/\/www.africa-press.net\/botswana\/all-news\/kbl-profit-increases-by-p66-2m"},"modified":"2022-10-03T21:01:54","modified_gmt":"2022-10-03T21:01:54","slug":"kbl-profit-increases-by-p66-2m","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/botswana\/all-news\/kbl-profit-increases-by-p66-2m","title":{"rendered":"KBL Profit Increases By P66.2m"},"content":{"rendered":"

Africa-Press – Botswana. <\/strong><\/span>For the half-year (H1) that ended 30 June 2022, profit after tax for the country\u2019s largest producer of clear beer, Kgalagadi Breweries Limited (KBL), increased by 56 percent (P66.2 million) from P119.3 million recorded on 30 June 2022 to P185.5 million in the period under review, Sechaba Holdings Limited\u2019s (SBHL) H1 2022 financial results show.<\/b><\/p>\n

Sechaba has 49.9 percent shareholding in KBL and 49.9 percent in Coca Cola Beverages Botswana Limited (CCBB).<\/p>\n

According to the company, KBL\u2019s increase in profit after tax comes as a result of increased sales volume in comparison to financial year 2021 which was impacted by alcohol bans, hence performance was lower than pre-COVID -19 trends.<\/p>\n

KBL volumes increased by 34 percent (from 545.1 hectoliters (HL) to 732.1 HL).<\/p>\n

KBL is focused on the manufacturing, import, distribution and marketing of a portfolio of clear beer, alcoholic fruit beverages and traditional beers.<\/p>\n

Coca Cola<\/b><\/p>\n

On the other hand, KBL\u2019s sister company, CCBB, had a 62 percent reduction in profit after tax mainly due to higher cost of sales as a result of increased commodity prices. This is the company who sales volumes increased by 2 percent as compared to that of the prior year (from *504.4 HL to 515.8 HL).<\/p>\n

CCBB is involved in the production, import and distribution of a range of soft drinks, purified water and other non-alcoholic beverages.<\/p>\n

Sechaba noted in the results that it anticipates its results and those of its associates to continue improving with the enabling environment and eventually surpass pre-COVID-19 operating standards.<\/p>\n

Unpredictable<\/b><\/p>\n

\u201cWorking to maximise shareholder value, SBHL and its associates continue to adapt to highly unpredictable, complicated, and turbulent business scenarios,\u201d Sechaba said in the results.<\/p>\n

The company noted that building a resilient recovery will be its associates\u2019 key focus area as they implement breakthrough sustainable strategies, manage enterprise agility and strengthen internal capabilities.<\/p>\n

\u201cTogether with its associates SBHL will build lasting external networks and partnerships,\u201d Sechaba said. \u201cThe company will continuously monitor the market and remain focused on rapid innovation in the post-COVID 19 era.\u201d<\/p>\n

For More News And Analysis About Botswana<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Botswana. For the half-year (H1) that ended 30 June 2022, profit after tax for the country\u2019s largest producer of clear beer, Kgalagadi Breweries Limited (KBL), increased by 56 percent (P66.2 million) from P119.3 million recorded on 30 June 2022 to P185.5 million in the period under review, Sechaba Holdings Limited\u2019s (SBHL) H1 2022 […]<\/p>\n","protected":false},"author":84,"featured_media":14525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,237,234],"class_list":["post-14526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-botswana","tag-botswana"],"yoast_head":"\nKBL Profit Increases By P66.2m - Botswana<\/title>\n<meta name=\"description\" content=\"For the half-year (H1) that ended 30 June 2022, profit after tax for the country\u2019s largest producer of clear beer, Kg ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/botswana\/all-news\/kbl-profit-increases-by-p66-2m\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KBL Profit Increases By P66.2m\" \/>\n<meta property=\"og:description\" content=\"For the half-year (H1) that ended 30 June 2022, profit after tax for the country\u2019s largest producer of clear beer, Kg ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/botswana\/all-news\/kbl-profit-increases-by-p66-2m\" \/>\n<meta property=\"og:site_name\" content=\"Botswana\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-03T19:25:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-03T21:01:54+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/10\/postQueueImg_15.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"780\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/kbl-profit-increases-by-p66-2m#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/kbl-profit-increases-by-p66-2m\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"KBL Profit Increases By P66.2m\",\"datePublished\":\"2022-10-03T19:25:04+00:00\",\"dateModified\":\"2022-10-03T21:01:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/kbl-profit-increases-by-p66-2m\"},\"wordCount\":343,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/kbl-profit-increases-by-p66-2m#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/botswana\/sites\/38\/2022\/10\/postQueueImg_15.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Botswana\",\"Botswana\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/botswana\/all-news\/kbl-profit-increases-by-p66-2m#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/kbl-profit-increases-by-p66-2m\",\"url\":\"https:\/\/www.africa-press.net\/botswana\/all-news\/kbl-profit-increases-by-p66-2m\",\"name\":\"KBL Profit Increases By P66.2m - 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