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      Debswana sponsors BFA’s National First Division League with P3.9m 

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      Ditlhokwe Tipped to Excel at Kaizer Chiefs

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      BCF Aims to Resuscitate Chess this Year

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      KBL and CCBB drive profits at Sechaba Breweries

      Year-on-year profit before tax had a positive variance driven by revenue growth at 22.7 percent for CCBB and 14.3 percent for KBL, which resulted in Sechaba achieving a 29 percent overall increase in profit after tax when compared to the previous year’s results.

      mm by Baboloki Meekwane
      April 13, 2022
      in Companies & Markets
      Reading Time: 2 mins read
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      KBL and CCBB drive profits at Sechaba Breweries

      GABORONE 9 February 2021, Piles of beers bottles are seen waiting to be distributed at Kgalagadi Breweries Limited (KBL) warehouse in Gaborone on 9 February 2021. Alcohol producer and distributor KBL, has suspended operations following alcohol ban by government to help fight COVID-19 pandemic in the country. Some believe that banning alcohol may cause job loss in the long run. (Pic:Monirul Bhuiyan/Press Photo)

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      • Increased sales ascribed to lifting of alcohol bans and normalisation of operating hours
      • Results assume pacific tone about successful govt vaccination programme

      Sechaba Brewery Holdings Limited (SBHL), which has a 49.9 percent shareholding in Kgalagadi Breweries (Pty) Ltd (KBL) and 49.9 percent in Coca Cola Beverages (Botswana) (Pty) Ltd (CCBB), says the main drivers for its positive performance were the increase in sales volumes for both CCBB and KBL.

      Year-on-year profit before tax had a positive variance driven by revenue growth at 22.7 percent for CCBB and 14.3 percent for KBL, which resulted in Sechaba achieving a 29 percent overall increase in profit after tax when compared to the previous year’s results.

      According to the brewery in its financial results for the year ended 31 December 2021, the Government of Botswana’s economic response plan and the vaccination rollout programme have contributed positively to the improvement in its associates’ performance as more than 80 percent of the population eligible for vaccination was vaccinated. The lifting of the alcohol bans on sale of alcohol and the normalisation of operating hours of restaurants and related outlets that trade in the products of the company have also aided business recovery and enhanced performance.

      “The associates continue to contribute to efforts in supporting the health system’s ability to deal with COVID-19 and protecting the economy. Despite the current unpredictability and the economic uncertainty of the ongoing pandemic, the beverage industry is showing real pockets of resilience. The company believes that there is sufficient liquidity to sustain operations for the next 12 months and beyond,” Sechaba stated. In volume performance, SBHL says overall volumes increased by 11 percent during the year ended 31 December 2021, with KBL volumes increasing by 5 percent whilst CCBB volumes increased by 18 percent.

      SBHL’s results directly relate to those of its two associates – KBL and CCBB. KBL is a company registered in Botswana involved in the manufacturing, import, distribution and marketing of a portfolio of clear beers, alcoholic fruit beverages and traditional beers. CCBB is a company registered in Botswana involved in the manufacturing, import, distribution and marketing of a portfolio of soft drinks, purified water and other non-alcoholic beverages.

      Tags: Coca Cola Beverages (Botswana) (Pty) Ltd (CCBB)COVID-19Kgalagadi Breweries (Pty) Ltd (KBL)Sechaba Brewery Holdings Limited (SBHL)

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