Sefalana end the year with P231.7 m profit

Sefalana Group Managing Director, Chandra Chauhan says Sefalana generated a profit of P231.7 million before tax for the year ended 30 April 2018.

Chauhan said this during the announcement of the audited group financial results on Monday in Gaborone.

He said there has been a 34% increase compared to the comparative year of 2017 and a total comprehensive income of P189.1 million representing a 21% increase on the previous year.

He said this year they generated their best ever profit since inception.

“This time last year we reported that we had experienced one of the most difficult years of trading for some time. This was largely driven by a depressed level of spending in the local economy, however we were hopeful there would be signs of recovery.
We undertook to focus on cost saving initiatives and to continue to extract value from our well diversified group of businesses across the Region,” said Chauhan

 

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