Sefalana Group has released its 2021 full year results with key highlights showing a 19 percent increase in revenue to P7.52 billion (FY 2021: BW6.29 billion).
The group’s gross profit also rose by 15 percent to reach P523.1 million (FY 2021: BWP454.0 million) while it’s Earnings before interest, taxes, and amortization (EBITA) went up 16 percent to P323.1 million (FY 2021: BWP279.4 million).
The financials also shows that the group’s Profit after tax increased by 2 percent to reach P221.1 million (FY 2021: BWP216.9 million) while Basic and diluted earnings per share per were 87.59 thebe (FY 2021: 86.23 thebe).
The BSE quoted company’s balance sheet expanded by 13 percent to P3.68 billion (FY 2021: BWP3.25 billion).
Meanwhile the board has since declared that a final gross dividend of 30 thebe per share and a special dividend of 10 thebe will be paid to shareholders.
The strong performance carries from last two years, an unprecedented period where the Covid 19 caused damaged to many businesses’ operations. However, Sefalana has been defiant against the doldrums of the pandemic, posting stellar results for the past two financial years.
The Botswana Stock Exchange listed group’s business interests spans fast moving consumer goods (FMCG), commercial motors, manufacturing, properties, and government contracts. The group has been anchored by the FMCG business which remained resilient despite challenges.
The Botswana based company also has operations in Namibia, Lesotho, South Africa, Zambia and most recently Australia. In Botswana, Sefalana operates 58 stores: 4 hyper stores and 25 Cash and Carry stores, both mainly targeting resellers and bulk buyers. It also has 33 retail stores under its Sefalana Shoppers brand.
The Botswana operations are responsible for 58 percent of the group’s profits having generated generated P192 million of the PBT for the year, up 8 percent on the prior year.