Sefalana recorded a profit after tax of P336 million per the company's latest financial results for the year ended 28 April 2024 and will issue a dividend of 53 thebe per share. This is Sefalana's best annual financial performance in its history.
The profit was driven by strong topline performance which saw the company recording revenues of over P9.7 billion, up 7% from 2023.
In Sefalana's Botswana operations, trading consumer goods contributed the most to revenue, accounting for over P5 billion. Manufacturing followed suit at P424 million while trading (except consumer goods) brought in P118 million and property brought in P61 million.
Commenting on the results, Sefalana stated that operations in the company's other markets which include Lesotho, Zambia, Namibia, South Africa and Australia have had their fair share of challenges. Our diversification into neighbouring countries over the last 10 years has helped us maintain the Group’s overall performance and has supported consistent and sustainable growth. Each economy has presented its own opportunities and put forward its unique challenges. Our business models have been tailored to each economy accordingly. Our success has been underpinned through understanding each market closely."
On the company's overall operations including Botswana, which accounts for around 67% of the company's entire operations, Sefalana reflected the need to maintain margins as competition and inflation bite.
"Significant pressure on margins has continued throughout the year due to an increased level of competition across the Region and pressure on the consumer’s budget. Margin management has become ever more important with price increases from suppliers becoming increasingly regular," the company said.