Sechaba Brewery’s board chair has promised shareholders a big share payback in the future if they allowed her to explore diverse growth strategies and tap into new markets.
Chairman, Tabuya Tau said the Botswana Stock Exchange-quoted brewery is well-positioned to generate sustainable long-term returns.
Tau was speaking on the back of improved year-end financial results.
During the period ended December 2023, Sechaba Brewery Holdings Limited (SBHL) reported a 22 percent increase in profit after tax, rising from P223 million to P272 million, driven by the robust performance of Coca-Cola Beverages Botswana and Kgalagadi Brewery Limited.
“This financial success is a testament to our strategic initiatives, disciplined cost management, and a relentless focus on creating value for our shareholders,” Tau said, further promising to build a resilient organisation by shifting strategic focus to sustainability.
“As shareholders, your interests are aligned with ours in maximising the long-term value of our organisation. In driving growth and innovation, the success of SBHL and the financial prosperity of our shareholders is enabled.”
She also stressed the importance of exploring diverse growth strategies and tapping into new markets to ensure sustained expansion.
“Investing in strategic initiatives, innovation, and growth opportunities is essential for unlocking the full potential of our organisation and generating sustainable long-term returns for our shareholders. We can unlock new avenues of growth, expand our market reach, and capitalise on emerging trends and opportunities,” she said.
The group further reported that interest income grew by 73 percent, rising to P3.8 million from P2.2 million in the preceding year. The group financial statement also reflects a 9 percent increase in total assets, bolstered by a 592 percent rise in cash and cash equivalents. Sechaba said the increase is significant, saying it is a result of dividends received, with SBHL receiving dividends amounting to P293 million in December 2023.
“In light of these strong financial results, the Board has proposed a dividend payment of 424.4 thebe per share, comprising a final dividend of 172.7 thebe per share and a special dividend of 251.7 thebe per share,” the group wrote on the annual report.
Beyond financial success, SBHL remains committed to sustainability and social impact.
“Our Associates’ initiatives in environmental stewardship, community engagement, and ethical governance have not only contributed to the well-being of our communities but also strengthened their brands and reputation.”
“Together, we have continued to build on a strong foundation that will propel us towards even greater achievements in the years to come,” Tau concluded.
Looking ahead, SBHL is committed to advancing a course toward a future defined by excellence, integrity, and shared prosperity.
