NBC Breaks Even, First in 10 Years

The finances of the public broadcaster, the Namibian Broadcasting Corporation (NBC), are now ‘in the black’ with the broadcaster breaking even for the first time in more than 10 years.

NBC recorded a surplus of N$14 million for the 201314 financial year, a jump from the loss of N$2 million recorded in 201213. In 201112 the NBC recorded a loss of N$48 million.

“In as far as we can see [from the financial records] the broadcaster has never been in the black for the past 10 years,” NBC’s Director General, Albertus Aochamub, told New Era yesterday, after presenting the preliminary annual financial figures on Tuesday evening in Windhoek. NBC has been besieged by financial woes that stemmed from the funding of the 1992 Miss Universe in Windhoek.

The N$14 million surplus, before depreciation, was reached as a result of an 8 percent revenue increase and a disciplined targeted spending approach, Aochamub said.

Source : New Era