NBL’s Earnings Per Share expected to increase
Releasing a trading update this week, Namibia Breweries Limited announced that its Earnings Per Share for the year ended 30 June 2015 is expected to increase by approximately 26% compared to the previous year while Headline earnings per share are anticipated to increase by approximately 17% compared to the previous year.
Giving an impression of Namibia Breweries’ half year results for the first half of 2015, stock broking firm IJG said, “although Namibia Breweries managed to increase local sales volumes, revenue fell by 0.8% year-on-year to N$1.434 billion, with the contraction stemming from the decrease in Ready-To-Drink volumes produced and sold to DHN Drinks in South Africa.”
“Total sales of goods, however, are down 1% year-on-year while royalty income rose 8.2%. Locally, sales volumes continued to increase, up 5% year-on-year, led by Tafel Lager and Windhoek Draught. According to management, demand continues to move from Windhoek Lager to Tafel Lager and Windhoek Draught and this portfolio shift was achieved without losing overall market share,” the firm said.