NamBrew reports healthy profit growth

14 September 2018 | Business

Namibia Breweries made a profit of nearly N$397.7 million for the ended 30 June 2018, the locally listed company announced on the Namibian Stock Exchange (NSX).
Compared to the previous financial year, profit rose by about 19.9%.
Revenue, however, dropped by 0.8% to nearly N$2.69 billion.
NamBrew is listed on the Local Index of the NSX. It closed at N$45.03 per share on Thursday. Its share price has gained 15.4% since the beginning on the year.
Read the full report Monday in Market Watch.

Similar News

 

Gold at two-week high on trade deal hope

16 hours ago | Business

Gold prices rose to their strongest level in more than two weeks yesterday as the US dollar weakened on hopes the United States and China...

First Russia-Africa business forum in October

16 hours ago | Business

In Sochi this October, the first Russia-Africa business forum will be held as part of the Russian-African Summit.According to the Roskongress Foundation, it is expected...

Shorter Ondangwa trade fair planned this year

16 hours ago | Business

ONDANGWA – The ninth edition of the Ondangwa Trade and Industrial Exhibition (OTIE) will take place from 29 April until 4 May this year.The town’s...

Company news in brief

16 hours ago | Business

MTN: SA's ex-ambassador to Iran arrestedPretoria's former ambassador to Iran has been arrested in South Africa on charges he took a bribe to help telecoms...

Recruitment of NAC CEO ongoing: Hangala

1 day - 18 February 2019 | Business

The process of selecting a chief executive officer for the Namibia Airports Company (NAC) is ongoing, the chairperson of the state-owned enterprise, Leake hangala, has...

No plan to revive SME Bank: Schlettwein

1 day - 18 February 2019 | Business

After witnessing the collapse of the SME Bank, government has no plan to resuscitate the now liquidated SME Bank, finance minister Calle Schlettwein has said....

Famed Cullinan mine banks on big diamonds to drive...

1 day - 18 February 2019 | Business

Emma Rumney and Barbara Lewis - The owner of one of the world's most famous diamond mines could be about a decade away from clearing...

Company news in brief

1 day - 18 February 2019 | Business

Sibanye-Stillwater may cut thousands of jobsSibanye-Stillwater could cut nearly 6 000 jobs in a potential restructuring of the company's gold mining operations following losses at...

FirstRand Namibia fights back

4 days ago - 15 February 2019 | Business

Jo-Maré Duddy – FirstRand Namibia bounced back to positive profit growth in the six months ended 31 December 2018 after taking a knock in the...

NaCC scrutinises fuel imports

4 days ago - 15 February 2019 | Business

The Namibia Competition Commission (NaCC) is requesting input from interested and affected parties on the reinstatement of the National Petroleum Corporation of Namibia's (Namcor) intent...

Latest News

Ondangwa creates 'home' for illegal...

16 hours ago | Government

ONDANGWA – The Ondangwa Town Council plans to relocate over 100 illegal settlers from Uutala to the Onantsi area, where it recently serviced 120 plots.Uutala...

Gold at two-week high on...

16 hours ago | Business

Gold prices rose to their strongest level in more than two weeks yesterday as the US dollar weakened on hopes the United States and China...

Noordoewer seeking status as a...

16 hours ago | Government

NOORDOEWER – The councillor of the Karasburg West Constituency, Paulus Ephraim, has urged government to consider proclaiming the settlement of Noordoewer a town as the...

No retrenchments at ODC, NDC

16 hours ago | Government

The head of the newly established Namibia Industrialisation Development Agency (NIDA), Uparura Kuvare, says no staff members of the former Offshore Development Company (ODC) and...

Drought fear looms large

16 hours ago | Disasters

ELLANIE SMIT Namibia faces a 150 000-tonne grain shortfall by the end of April this year, as...

Two in court after record...

16 hours ago | Justice

ILENI NANDJATO Northern businessmen Paavo Hatutale (47) and co-accused Nicodemus Shekunyenge (21) appeared before the Ohangwena Magistrate’s Court yesterday in connection with...

No limits for Doeseb

16 hours ago | People

Michelline Nawatises Axali Doeseb has been playing ice hockey since 2003.Every day after school he would jump the Tagesheim aftercare centre’s fence to watch...

The weight of expectation

16 hours ago | Columns

A huge weight of expectation will undoubtedly rest on political leaders vying for office later this year. While there is a sense that the current...

The lack of sexual ideology...

16 hours ago | Columns

Justicia Shipena Not only does thinking about sex matter, it matters more to humanity than sex in itself. There are many instances of the...

Load More