The Board of Sechaba Brewery Holdings Limited (SBHL) today announced that the results for the full year ended 31 December 2021 will be higher than those reported for the full year ended 31 December 2020.
The profit before tax is expected to be higher by between 25% to 33%. This translates to an increase of between P42 million and P55 million. The profit before tax for the year ended 31 December 2020 was P168 million.
The improvement in performance is at the backdrop of improved SBHL associate
companies’ performance. The process of finalising the results is still underway and full
details on SBHL performance will be shared when the financial results are released on or
before 31 March 2022.
Accordingly, the shareholders of SBHL are advised to exercise caution when trading in
the company’s securities until a full announcement is made.