Botswana: Sechaba Breweries reports 10% increase in full year profits though beer sales decline

SABMiller Plc’s Sechaba Breweries Ltd., Botswana’s biggest beer maker, said full-year profit rose 10 percent to 240 million pula compared with a year earlier, Bloomberg reported on May, 30.

The improvement in net income for the year through March was due to a change in the calculation of a 40 percent state tax on alcohol, the company said in a statement published in the Gaborone-based Mmegi newspaper. It declared a dividend of 24 thebe a share.

Clear beer sales declined 0.2 percent compared with a year earlier and sales of sorghum beer fell 1.2 percent, the company said.

01 June, 2011