Slight increase in Nictus’ profit

30 July 2020 | Business

Nictus Holdings ended its past financial year with a profit of about N$7.36 million, an increase of nearly 2.9% or N$206 000 compared to its previous book-year.
The locally-listed group today reported total revenue of about N$631.06 million for the 12 months ended 31 March 2020, down nearly 6.9% from its previous financial year.
Releasing the results on the Namibian Stock Exchange (NSX), Nictus Holdings chairman Gerard Swart said the group “traded under difficult economic circumstances where the aftermath of the strained economy still influenced disposable income in the country”.
“The last month of trading was further negatively affected by the worldwide Covid-19 pandemic,” Swart added.
Basic and diluted earnings per share (EPS) came in at 14.03c, up from 13.64c in the 2019 financial year.
Headline and diluted headline earnings per share (HEPS) increased by about 8% to 14.12c.
A final dividend of 12c per share was declared, the same as in 2019.
Nictus Holdings is listed on the Local Index of the NSX. It closed at N$1.60 per share this afternoon.