Bourse Briefs

Jo-Mare Duddy Booysen
FirstRand Namibia (FNB)

FNB reported a profit of about N$564.9 million for the six months ended 31 December 2020, a drop of 9.4% year-on-year (y/y).

Operating profit totalled nearly N$818.5 million, down 9.9% y/y.

Interest income amounted to some N$1.6 billion, a decrease of 24.1% y/y.

Impairment charges of N$150.6 million were reported, an y/y increase of 27.6%.

Advances totalled about N$30.3 billion, 3.8% down y/y.

Headline earnings per share (HEPS) of 212.8c were reported, down 9.9% y/y.

The group declared an interim cash dividend of 94c per share, 10c per share or 9.6% lower y/y.

Letshego Holdings Namibia (LHN)

LHN reported a profit of about N$341.4 million for the year ended 31 December 2020, a drop of 14.9% y/y.

The group made an operating profit before taxation of nearly N$435.5 million, down 16.9% y/y.

Interest income amounted to about N$526.96 million, an increase of 2.3% y/y.

Impairment charges of N$31.3 million were reported, an y/y increase of 238.7%.

Net advances grew by 23.4% y/y to N$3.6 billion.

The group’s HEPS fell by 12c or nearly 15% to 68c.

LHN did not declare a dividend with the release of its unaudited financials.

Namibia Breweries (NBS)

NBS showed a net profit of N$170.3 million for the six months to 31 December 2020, a tumble of 46.3% y/y.

The group suffered an equity loss of N$89.6 million from Heineken SA, compared to an equity profit of N$76.98 million in the comparative half-year in 2019.

Revenue came in at nearly N$1.4 billion, down 18.5% y/y.

HEPS of 81.4c was reported, down 46.9% y/y.

NBS declared an interim dividend of 56c per share, up 5.7% y/y.

Paratus Namibia Holdings (PNH)

PNH reported realised recurring revenue of N$150.4 million for the six months ended 31 December 2020, up 9.4% on a like-for-like basis.

The group made a net profit before taxation of N$21.9 million for the half-year under review, up 53% y/y.

Earnings before interest, taxation, depreciation and amortisation (EBITDA) amounted to N$46.9 million, an increase of 24.1% y/y on a like-for-like basis.

HEPS came in at 32.51c, up from 14.39c from the same half-year in 2019.

PNH declared an interim dividend of 10c per share.

SBN Holdings (SNO)

SNO reported a profit after tax of about N$421.2 million for the year ended 31 December 2020, a drop of about 31.3% y/y.

Net interest income amounted to nearly N$1.2 billion, a decrease of 11.9% y/y.

Impairment charges of N$ 253.9 million were reported, a y/y increase of 6.2%.

Net income before tax was N$608.3 million, a y/y drop of 30.2%.

Customer advances fell by 3.2% y/y to N$22.1 billion.

The group’s HEPS dropped by 33.6% to 81c.

SNO declared an ordinary dividend of 14c per share compared to 27.37c in 2019.

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