NPTH remains top performer in Namibian economy

Mr Henri Kassen, chairperson of Namibia Post and Telecom Holdings(NPTH), has handed over its N$180 million dividend for the 2012/2013 financial year to government. NPTH and its subsidiaries remain top performers in the Namibian economy, and in the past year the group has increased revenue by 13% from N$3.4 billion to N$3.8 billion, with a consolidated operation profit before tax of N$604 million, and their assets have grown from N$8.5 billion to N$9 billion, and its liabilities stood at N$5.9 billion.
Kassens said that the performance enjoyed by the group is due to the continued support of its shareholders and the line minister, this being the reason why they work relentlessly to ensure that they give good returns on the State’s investments.

“Nampost’s saving bank’s total number of accounts grew by 10.2%, and Smartcard transactions increased by 7.1%, courier services increased its revenue by 12%, while operating income is 39% higher. This is the result of revenue growth, control of costs and improved service delivery,” said Kassens.
He noted that MTC added 176,281 new SIM connections, passing through the N$2.2 million mark due to multi SIM card connections. It is also recorded that one quarter of its revenue is generated from data, and they are dominant in the mobile telecommunications market as determined by CRAN. NPTH was registered in 1992 in terms of the Post and Telecommunications Companies Establishment Act 1992 as the Holding Company for Namibia Post Limited, Telecom Namibia Limited and majority shareholder in Mobile Telecommunications Ltd. The company owns the group’s land and buildings which are let to these subsidiaries. The activities of the subsidiary companies are the rendering of postal and banking services (Nampost), telecommunications and ICT services (Telecom and MTC).