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Breweries resilience, ability to adapt to changes in the operating environment evident in latest financial post

Breweries resilience, ability to adapt to changes in the operating environment evident in latest financial post

Namibia Breweries Limited (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group delivered a strong financial performance in 2019 with operating profit, earnings per ordinary share and profit attributable to shareholders increasing by 6.3%, 134% and 134%, respectively.

The NBL Board declared a final dividend of 50c on 4 September, which represents an increase of 8.7% from the previous period and approved an additional special dividend of 121.05 cents per share.

NBL Managing Director (MD), Marco Wenk said, “While NBL has seen significant growth over the past years, Namibia is without a doubt facing challenging economic conditions. These will require that we take all measures necessary to ensure we place maximum focus on efficiencies and an ongoing sustainable business. We also have to continuously challenge ourselves to innovate and find opportunities for growth, within as well as outside our borders”.

“For the first time in three years, volumes in Namibia started picking up again, delivering 3.9% growth on 2018 against a recessionary backdrop,” said NBL Finance Director, Waldemar von Lieres.

Volume growth to South Africa reached a stellar 44.8%. Export volumes decreased by 31.2%. Overall volumes increased by 13.8% with revenue increasing by 15.3%. Profit attributable to shareholders of N$932 million was delivered – an increase of 134% on prior year. Heineken South Africa made a significant contribution to profit by delivering N$106 million (2018: N$96 million) in royalties, he added.

According to him, NBL’s share in associate profit amounted to N$451 million in 2019 (N$335 million recognition of deferred tax asset and N$116 million share of associate profit).

Meanwhile looking forward, Wenk said innovation within all spheres of the business is a strong focus for NBL and will support from both a volume growth but also bottom line performance perspective.

“Our focus to maintain and grow market share both within as well as outside of our boarders will remain high on our agenda while providing an environment for our people to grow and succeed will remain a key deliverable to ensure NBL’s future success as well as to deliver our Groups Vision towards 2025,”he concluded.


Caption: Managing Director of Namibia Breweries Limited (NBL) – a subsidiary of the Ohlthaver & List (O&L) Group -, Marco Wenk (right) and the NBL Finance Director, Waldemar von Lieres celebrate NBL’s financial results for the year ended, 30 June 2019.


 

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Following reverse listing, public can now acquire shareholding in Paratus Namibia

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20 February 2020, Windhoek, Namibia: Paratus Namibia Holdings (PNH) was founded as Nimbus Infrastructure Limited (“Nimbus”), Namibia’s first Capital Pool Company listed on the Namibian Stock Exchange (“NSX”).

Although targeting an initial capital raising of N$300 million, Nimbus nonetheless managed to secure funding to the value of N$98 million through its CPC listing. With a mandate to invest in ICT infrastructure in sub-Sahara Africa, it concluded management agreements with financial partner Cirrus and technology partner, Paratus Telecommunications (Pty) Ltd (“Paratus Namibia”).

Paratus Namibia Managing Director, Andrew Hall

Its first investment was placed in Paratus Namibia, a fully licensed communications operator in Namibia under regulation of the Communications Regulatory Authority of Namibia (CRAN). Nimbus has since been able to increase its capital asset base to close to N$500 million over the past two years.

In order to streamline further investment and to avoid duplicating potential ICT projects in the market between Nimbus and Paratus Namibia, it was decided to consolidate the operations.

Publishing various circulars to shareholders, Nimbus took up a 100% shareholding stake in Paratus Namibia in 2019 and proceeded to apply to have its name changed to Paratus Namibia Holdings with a consolidated board structure to ensure streamlined operations between the capital holdings and the operational arm of the business.

This transaction was approved by the Competitions Commission as well as CRAN, following all the relevant regulatory approvals as well as the necessary requirements in terms of corporate governance structures.

Paratus Namibia has evolved as a fully comprehensive communications operator in Namibia and operates as the head office of the Paratus Group in Africa. Paratus has established a pan-African footprint with operations in six African countries, being: Angola, Botswana, Mozambique, Namibia, South Africa and Zambia.

The group has achieved many successes over the years of which more recently includes the building of the Trans-Kalahari Fibre (TKF) project, which connects from the West Africa Cable System (WACS) eastward through Namibia to Botswana and onward to Johannesburg. The TKF also extends northward through Zambia to connect to Dar es Salaam in Tanzania, which made Paratus the first operator to connect the west and east coast of Africa under one Autonomous System Number (ASN).

This means that Paratus is now “exporting” internet capacity to landlocked countries such as Zambia, Botswana, the DRC with more countries to be targeted, and through its extensive African network, Paratus is well-positioned to expand the network even further into emerging ICT territories.

PNH as a fully-listed entity on the NSX, is therefore now the 100% shareholder of Paratus Namibia thereby becoming a public company. PNH is ready to invest in the future of the ICT environment in Namibia. The public is therefore invited and welcome to acquire shares in Paratus Namibia Holdings by speaking to a local stockbroker registered with the NSX. The future is bright, and the opportunities are endless.