Capricorn’s profit after tax jumps 14.8%

16 September 2021 | Sakenuus
Jo-Maré Duddy – Locally-listed Capricorn Group, with Bank Windhoek as its flagship brand, today reported an operating income of more than N$1.29 billion for its 2021 financial year, down nearly 0.8% from its previous book-year.
Its total income for the year ended 30 June 2021, however, exceeded N$3.7 billion, an increase of about 6.4% year-on-year (y/y). Profit after tax of more than N$983 million was up nearly 14.8% y/y.
The group’s total comprehensive income fell by around 5.3% y/y to nearly N$877.5 million.
Capricorn’s headline earnings per share (HEPS), a profitability gauge, rose by 10.3% y/y to 173.4c. Earnings per share (EPS) increased by nearly 14.9% to 170.7c.
The group declared a final dividend of 38c per ordinary share. Considering the interim dividend of 22c per ordinary share, this represents a total dividend of 60c per ordinary share (2020: 50c).
“Despite the business being exposed to the direct and indirect impact of the Covid-19 pandemic on various levels, Capricorn Group showed tremendous resilience and performed much better than anticipated 12 months ago,” it said.
“I am pleased with the commendable performance of the group against all the odds,” said Capricorn’s group CEO, Thinus Prinsloo.
“We have a dynamic business model to create and preserve value while remaining true to our group’s purpose. The group has a real competitive strength in local decision-making, especially in the way it affects customers. This is our main driver for growing market share,” he added.
According to the group’s financial director, Jaco Esterhuyse: “Our results demonstrate how Capricorn Group used our advantage of being local, nimble, and responsive. We were able to preserve and grow value for our stakeholders even though Namibia’s economy was in a recession before the Covid-19 pandemic and had to deal with the economic and social shock brought about by Covid-19.”

Soortgelyk

 

130 nuwe gevalle, meeste in Windhoek

5 ure gelede | Gesondheid

Gister is 130 nuwe gevalle aangemeld, 'n positiewe koers van 8,4%. Die meeste (97) is in Windhoek aangeteken. Die nuwe gevalle sluit 13 studente, 11...

Uitstel van eksamens: Integriteit van eksamen, kwalifikasie moet beskerm...

23 ure gelede | Onderwys

Die ministerie van onderwys, kuns en kultuur sê dit het 'n wettige kontrak met Cambridge International om te verseker dat kredietwaardige eksamens geskryf word wat...

Styging van 56% in nuwe gevalle, 184 gister aangemeld

1 dag gelede | Gesondheid

Gister is 184 nuwe gevalle aangemeld, 'n positiewe koers van 3,9% en 56% meer as die vorige dag. Die meeste gevalle is in Windhoek en...

Veldbrande woed al tien dae

1 dag gelede | Ongelukke

Tanja Bause’n Groot aantal beeste loop langs distrikspaaie noordoos van Windhoek waar verwoestende veldbrande boere tussen Steinhausen en Omitara genoop het om grensdrade te knip...

‘Voltooi vanjaar se eksamen’

1 dag gelede | Ministeries

Henriette LamprechtSkryf die vraestelle wat moontlik is vóór die einde van die jaar met nuwe vraestelle in die plek van dié wat uitgelek het, identifiseer...

Oscar-benoeming dalk in ‘The White Line’ se visier

1 dag gelede | Byvoegsels

Die plaaslike rolprent The White Line is amptelik in die wedloop om oorweeg te word vir ’n moontlike Oscar-benoeming. Dit is die eerste Namibiese rolprent...

Voortrekkers trap vir renosters

1 dag gelede | Byvoegsels

Karli RudolphDie Voortrekkers vier vanjaar hul 90ste bestaansjaar met die tema “Voortrekkers gaan groot”. Die Namibiese Voortrekkers het daarom besluit om hul eie span vir...

V5 Digital a forerunner in digital solutions

1 dag gelede | Tegnologie

Iréne-Mari van der WaltMore than three years ago, Armin Wieland founded his business, V5 Digital, after noticing that there was a lack of companies in...

Do it with passion or not at all

1 dag gelede | Howe

Desiree Gases Ngeendina Angula, born and raised in Greenwell, Windhoek, moved to Cape Town, South Africa, when she was 13 years old and lived there...