Sefalana Holdings, the oldest company on the Botswana Stock Exchange (BSE) has cautioned the market that its full-year profits for the fiscal year ending April 30, 2023 are projected to rise by 21%.
“…profit before tax for the 53 weeks period ended 30 April 2023 will be between 18-21 percent higher than the reported period for the comparative 52 weeks ended 24 April, 2022 which amounted to P334 million,” the retailer said in a statement.
Botswana, Lesotho, Namibia, and Australia are among the countries where the retailer has a presence. Botswana being the country’s mainstay.
It is into fresh produce, commercial motors, property and general trading. In Australia it has outlets across Queensland since May 2022, and is gearing up to expand in that country. It is more focused on Fast-Moving Consumer Goods (FMCG) in that country.
It holds 40 percent stake in those entities.
The 49 year old enterprise will publish its results at the end of July 2022. It was trading at 985 thebe at the end of Thursday.