#JustIn: NAM’s ops profit up 7%
Locally-listed Namibia Asset Management (NAM) reported an operating profit of about N$8.34 million for six months ended 31 March 2023, an increase of nearly 7% compared to the same half-year in 2022.
Releasing its latest interim results on the Namibian Stock Exchange (NSX) today, NAM reported basic earnings per share (EPS) and headline earnings per share (HEPS) of 4.16c – up about 11.5% year-on-year (y/y).
The group’s net asset value per share (NAV) rose from 15.60c to 15.83c.
At the end of March 2023, NAM had N$17.5 billion in assets under management, up 8% from the end of September 2022.
NAM said it expected the impact of most of the key drivers of markets in 2022 to continue well into 2023, with a major concern for prospects being the growth outlook of major economies.
“While the past 18 months have been incredibly difficult for investors, we are positive about the opportunities that economic challenges are providing to investors who are prepared to take the long-term view.
“Ultimately, we believe that our deep proprietary research and long- term, fundamental, bottom-up investment philosophy enable us to make the appropriate long-term decisions for the benefit of our clients and all our stakeholders," NAM said.
NAM is listed on the Local Index of the NSX. It closed at 68c per share this afternoon.
Releasing its latest interim results on the Namibian Stock Exchange (NSX) today, NAM reported basic earnings per share (EPS) and headline earnings per share (HEPS) of 4.16c – up about 11.5% year-on-year (y/y).
The group’s net asset value per share (NAV) rose from 15.60c to 15.83c.
At the end of March 2023, NAM had N$17.5 billion in assets under management, up 8% from the end of September 2022.
NAM said it expected the impact of most of the key drivers of markets in 2022 to continue well into 2023, with a major concern for prospects being the growth outlook of major economies.
“While the past 18 months have been incredibly difficult for investors, we are positive about the opportunities that economic challenges are providing to investors who are prepared to take the long-term view.
“Ultimately, we believe that our deep proprietary research and long- term, fundamental, bottom-up investment philosophy enable us to make the appropriate long-term decisions for the benefit of our clients and all our stakeholders," NAM said.
NAM is listed on the Local Index of the NSX. It closed at 68c per share this afternoon.
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