Sefalana Group has posted what it says are the group’s best ever half-year financial results.
This is despite the challenges that the group faces in the current operating environment.
The impressive half-year financials follow the best ever full year financials in the group’s 47 year history that were released in April last year.
“We have been able to do this through sheer determination and perseverance by our people who are our most important asset. Our teams have remained motivated and driven and have been resilient throughout the period. For this we are truly grateful,” said Sefalana Group Managing Director, Chandra Chauhan.
During the past six month period ending 31st October 2021, the group posted revenue of P3.5 billion, a 20 percent increase from the previous corresponding period.
The diversified business has managed to navigate through COVID-19 challenges as Chauhan says as early as November 2019; Sefalana had already put in place measures in anticipation of the impact of the pandemic.
He said this has helped the group to navigate through these difficult times.
Chauhan says their greatest focus has for some time now, been on the core Fast Moving Consumer Goods (FMCG) businesses where they have placed considerable efforts to enhance margins and relative contribution to Group results.
“Our manufacturing operations which support the FMCG businesses are also key focus areas for us. These have performed well during the period despite certain challenges beyond our control,” he said.
Meanwhile, after launching in Australia in 2020, Chauhan says the investment in that country is doing well and is in line within budget.
“In November 2021, we embarked on Phase 2 of this investment which includes the acquisition of an additional 5 stores. We have acquired the first of the 5 stores and will evaluate subsequent stores as soon as these are identified,” Chauhan said.
