Economy butchers NedNam’s results

NedNamibia Holdings reported a profit after tax of about N$55.3 million for its past half-year – a drop of about N$98.5 million from the around N$153.8 million recorded in the same six months in 2019.

27 August 2020 | Business

The significant increase in impairments is due to the widespread effect of macro-economic factors deteriorating, impacting the ability of consumers and businesses to repay existing debt. – NedNamibia Holdings

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