NBL Records Healthy Profits

NAMIBIA Breweries Limited recorded a 11 percent improvement on turnover to R1.4 billion for the half year ended December 31.

According to the brewer, profits were 17 percent up to R274 million.

It recorded a 41 percent increase on earnings per share to 82.5 cents.

The company attributed the improved half year profit to an improving Southern African Development Community particularly in South Africa, Botswana, Zambia and Tanzania.

ldquoOur overall sales continue to grow in Namibia, South Africa and exports, albeit from a small base in our export markets.rdquo said NBL Managing Director Hendrik (Wessie) van der Westuizen.

He attributed the challenges faced by the company in export markets to increased cross border trading some key markets.

ldquoWe continued to invest in our brands based on consumer feedback across our product offering. Windhoek Lager saw the launch of a new television promotion which was launched in the Southern African Development community,rdquo the NBL executive added.

A Namibian Stock Exchange listed entity, the NBL also enjoys 87 percent market share in Namibia.

Commenting on the company’s performance, Group Finance Director, Graeme Mouton, expressed his satisfaction with the results adding that the ldquofuture remains very brightrdquo for the company.

Source : CAJ News Agency