Choppies Enterprises Ltd 2023 IR
The report outlines the financial and operational performance of Choppies Group for the fiscal year 2023. The company achieved a 6.5% growth in retail sales to BWP 6,433 million and a 3.4% increase in profit after tax to BWP 150 million, despite facing hyperinflationary challenges in Zimbabwe. Choppies successfully eliminated its negative equity through a BWP 300 million rights issue, resulting in a clean audit opinion. Key sustainability highlights include the launch of the Motopi farmers' app to support local producers, solar installations in Namibia and Botswana, and the conversion of all Botswana stores to energy-saving LED lights. Post-year-end, the group expanded and diversified its portfolio by acquiring a 76% controlling stake in Kamoso Africa.
Company: Choppies Enterprises Ltd
Sector: Consumer Staples
Country: Botswana
Year: 2023
Type: IR
Pages: 204
Choppies Enterprises Ltd
Integrated Annual Report
The report outlines the financial and operational performance of Choppies Group for the fiscal year 2023. The company achieved a 6.5% growth in retail sales to BWP 6,433 million and a 3.4% increase in profit after tax to BWP 150 million, despite facing hyperinflationary challenges in Zimbabwe. Choppies successfully eliminated its negative equity through a BWP 300 million rights issue, resulting in a clean audit opinion. Key sustainability highlights include the launch of the Motopi farmers' app to support local producers, solar installations in Namibia and Botswana, and the conversion of all Botswana stores to energy-saving LED lights. Post-year-end, the group expanded and diversified its portfolio by acquiring a 76% controlling stake in Kamoso Africa.
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Document Details
Report Year
2023
Reporting Period
Jul 1, 2022 - Jun 30, 2023
Fiscal Year
2023
Type
Integrated Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Standard
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Energy Consumption
Water Consumption
Women on Board
Employees