FSG Limited this week released their unaudited abridged half-year group results, revealing 19 percent growth in profit before tax and a 16 percent increase in total revenue compared to prior period.
The Group operates its businesses in Botswana, Zambia, and South Africa. ┬áUnder its umbrella in Botswana, the Group comprises of M & N Coffin and Casket Manufacturers (Proprietary) Limited t/a Lyn’s Funeral Parlour and Kagiso Funeral Parlour (Proprietary) Limited.
The Botswana network comprises 26 branches and pay points and its one branch in Lusaka contributed to a 16 percent increase in revenue.
A new branch in Mochudi will open its doors to public during October 2012 and land has been acquired for a new branch in Palapye envisaged to commence operations in the first quarter of 2013.
“FSG Limited ‘vision’ encapsulates rolling out its unique business model to other countries in Africa, whilst not losing sight of meeting the demands of the local market in pursuit of its growth strategy” said Milivoje Nikolic, Group Managing Director of FSG Limited.
In Zambia, the Group is poised to open two new branches, one in Ndola and another in Kitwe within the next six months.
The Group continues to invest in property, improved fleet and world class equipment with a view to providing its customers the best possible service in a dignified, caring, and compassionate manner.
“The Group currently commands a 65 percent market share in the vast spectrum of funeral services nationwide. Over the last ten years, the Group has consolidated its position as a leader in this Industry. Constant and continuous engagement with stakeholders feeds into the innovative strategies that guide the delivery of the best services meeting and exceeding customer expectations in most cases. The Group credits its success thus far to a resolute commitment to providing the best in tailor-made assurance packages and expert service” said Amb Dorcas Kgosietsile, the Group Chief Executive Officer.
A four thebe gross interim dividend has been declared which is payable to its shareholders on 26 October 2012.