Namdeb's profitability plummets

20 February 2020 | Business

Namdeb Holdings’ underlying EBITDA for its 2019 financial year came in at US$121 million, compared to US$176 million in its previous book-year.
Results released by De Beers this morning show Namdeb had to weather a drop in production and a lower realised price.
De Beers – who owns 50% of the local mining giant – warned against the impact of the coronavirus on diamond demand in 2020.
The Namibian government owns the other half of Namdeb Holdings.
Read the full report tomorrow in Market Watch.

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