Shareholders of FirstRand Nam smile

14 February 2020 | Business

FirstRand Namibia expects its earnings for the six months ended 31 December 2019 to be between 10% and 15% higher that of than the previous half-year.

Earnings per share (EPS) and headline earnings per share (HEPS) – a gauge for profitability - will be “materially higher” than the prior period, the group yesterday said in a trading statement on the Namibian Stock Exchange (NSX).

FirstRand Namibia´s unaudited interim financial results will be released on or about 10 March 2020.

FirstRand Namibia is the second biggest company on the Local Index of the NSX in terms of total market capitalisation.

At the close of business on Wednesday, the group had a total market capitalisation of N$8.938 billion. Namibia Breweries, the heavyweight on the Local Index, had a total market capitalisation of N$9.806 billion.

FirstRand closed Wednesday at N$33.40 per share. It ended 2019 at N$33.41 per share.

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