Tag: Headwinds

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Namibia Breweries thrives against economic headwinds
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April 6, 2024April 6, 2024Uncategorized

Namibia Breweries thrives against economic headwinds

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Namibia Breweries has reported a 15% increase in net revenue, reaching N$2.1 billion, despite facing economic pressures, including high inflation and sluggish GDP growth.  The growth is attributed to successful portfolio integration and strategic pricing following the NBL takeover by Heineken. Operational costs rose by 21.9%, mainly due to new portfolio integration and once-off expenses. ...

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December 18, 2023December 18, 2023Uncategorized

Headwinds dent Trustco Group performance in 2023 financial year

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The diversified financial, property and commodity group, Trustco Group Holdings Ltd, announced its financial results for the financial year ended 31 August 2023 on Monday 18 December 2023. Despite some major headwinds, the group still closed the year with N$1.15 billion in shareholder equity. The investment portfolio, valued at N$3.1 billion on 31 August 2023,...