NBL confident of higher profit

Financial results out on Thursday

11 September 2018 | Sakenuus
In a trading statement, the group said earnings per share for the period ended 30 June 2018 were expected to increase materially by between 20% and 30% compared to the previous year.

Those developments are a result of NBL’s investment in Heineken South Africa delivering an exceptional performance, with growth in volume and operating profit for the period ahead of the original business case.

NBL said during the previous comparative period, the results were affected by the increased share of losses in Heineken SA.

The group results are also expected to show a constant operating profit compared to the previous year.

The NBL management, while preparing financial statements for the group for period ended 30 June 2018, noticed that the treatment of losses in the associate in determining the headline earnings was not in line with Circular 02/2017 issued by South African Institute of Charted Accountants.

The headline earnings as previously stated were N$474.2 million and the headline earnings per share (HEPS) were 229.6 cents per share. The error had to be accounted for retrospectively.

Consequently, NBL has adjusted the comparative amounts presented in the current year's financial statements affected by the error.

A third statement of financial position as at the beginning of the preceding period has not been presented as the retrospective restatement did not have a material effect on the information in the statement of financial position at the beginning of the preceding period.

There are no other line items on the financial statements affected except the disclosure on the HEPS, it said.

Soortgelyk

 

Namibia resistant to Eskom power woes

1 uur gelede | Energie

NDAMA NAKASHOLE NamPower has assured Namibians that load-shedding in South Africa will not affect Namibia.NamPower issued a statement two days after South Africa’s cash-strapped power...

Staatshospitale mank aan voorraad

1 uur gelede | Gesondheid

Henriette Lamprecht - Betalings vir verskaffers van skroewe, penne en prosteses vir ortopediese operasies by die twee staatshospitale in Windhoek word “by tye” vertraag wat...

Ekspo gee volhoubare toerisme woema

1 uur gelede | Gebeure

Volgende jaar vind die Namibië Toerisme Ekspo (NTE) vir die 21ste keer plaas, en sal op herwinning fokus.Dit sal van 5 tot 8 Junie by...

Rundu: Verdrink in vullis of ly dors

1 uur gelede | Regering

Catherine Sasman - Rundu se strate en sypaadjies het in onooglike, stinkende vullishope ontaard omdat die dorpsraad noodsaaklike dienste afskeep.Dít om sy skuld van N$60...

Ondersoek staatskaping, eis amptelike opposisie

1 uur gelede | Politiek

Ronelle Rademeyer - Die sluier van geheimhouding oor Namib Desert Diamonds (Namdia) en berigte dat mnr. Tom Alweendo, minister van myne en energie, nie geweet...

Weer vir 15 November 2018

1 uur gelede | Weer

BINNELAND: Sonnig en bloedig warm in die verre Noordooste en die ||Kharasstreek. Elders sal dit gedeeltelik bewolk en baie tot bloedig warm wees. Enkele ligte...

Huurbeheerrade aangestel

1 uur gelede | Ministeries

Catherine Sasman - Ná vele haakplekke en vertragings het die ministerie van nywerheidsontwikkeling, handel en SME-ontwikkeling vyf huurbeheerrade in vyf streke aangestel wat sedert Maandag...

Outjo se panga-moordenaar kry lewenslank

1 uur gelede | Howe

Ronelle Rademeyer - Die man van Outjo, wat erken het hy het sy meisie in 2015 vermoor deur haar verskeie kere met ’n panga op...

N$1,8 miljard nodig vir Etosha-heining

1 uur gelede | Ministeries

Ellanie Smit - Die heining om die Etosha Nasionale Park sal sowat N$1,8 miljard kos om te voltooi. Dít volgens 'n verslag van die...