Sechaba Brewerys board chair has assured shareholders of a significant future payout if they support her in exploring diverse growth strategies and new market opportunities.
Chairman Tabuya Tau stated that the Botswana Stock Exchange-listed brewery is well-positioned to generate sustainable long-term returns.
Tau spoke following the release of improved year-end financial results. For the period ending December 2023, Sechaba Brewery Holdings Limited (SBHL) reported a 22 percent increase in profit after tax, rising from P223 million to P272 million, driven by the strong performance of Coca-Cola Beverages Botswana and Kgalagadi Brewery Limited.
This financial success is a testament to our strategic initiatives, disciplined cost management, and a relentless focus on creating value for our shareholders, Tau said, promising to build a resilient organization by focusing on sustainability.
As shareholders, your interests align with ours in maximizing the long-term value of our organization. By driving growth and innovation, we enable the success of SBHL and the financial prosperity of our shareholders.
She emphasized the importance of exploring diverse growth strategies and tapping into new markets to ensure sustained expansion.
Investing in strategic initiatives, innovation, and growth opportunities is essential for unlocking the full potential of our organization and generating sustainable long-term returns for our shareholders. We can unlock new avenues of growth, expand our market reach, and capitalize on emerging trends and opportunities, she said.
The group also reported a 73 percent increase in interest income, rising to P3.8 million from P2.2 million in the previous year. The financial statement reflects a 9 percent increase in total assets, bolstered by a 592 percent rise in cash and cash equivalents. Sechaba attributed this significant increase to dividends received, with SBHL receiving dividends amounting to P293 million in December 2023.
In light of these strong financial results, the Board has proposed a dividend payment of 424.4 thebe per share, comprising a final dividend of 172.7 thebe per share and a special dividend of 251.7 thebe per share, the group stated in the annual report.
Beyond financial success, SBHL remains committed to sustainability and social impact.
Our associates' initiatives in environmental stewardship, community engagement, and ethical governance have not only contributed to the well-being of our communities but also strengthened their brands and reputation.
Together, we have continued to build on a strong foundation that will propel us towards even greater achievements in the years to come, Tau concluded.
Looking ahead, SBHL is committed to advancing towards a future defined by excellence, integrity, and shared prosperity.
