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

 

Kommissie vir grondeise aangestel

2 ure gelede | Regering

Ronelle Rademeyer - Pres. Hage Geingob het gister ‘n presidensiële kommissie van ondersoek na voorvaderlike grondregte en hoe daarvoor vergoed moet word, aangestel.Dié kommissie onder...

Vrou wat kraam se pelvis breek glo in staatshospitaal

2 ure gelede | Gesondheid

font face="Verdana" >Henriette Lamprecht – Wat ’n normale bevalling moes wees, het na bewering vir ’n jong ma ’n gebreekte pelvis, gebreekte heup en reusebloedverlies...

Kalender 22 Februarie

2 ure gelede | Kuns en vermaak

Nou aan die gang» Vir slegs twee aande sluit die sanger Slickartie by die alombekende Mashura-band aan. Dié nuwe groep gee jou goeie rede om...

Weer vir 22 Februarie

2 ure gelede | Weer

BINNELAND: Gedeeltelik bewolk en baie tot bloedig warm met 'n paar buie in die Weste.KUS: Gedeeltelik bewolk en koel tot warm met miskolle op plekke...

Waardasierol is nietig

2 ure gelede | Howe

Ryno van der Merwe, NLU-president: “Ons onderhandel tans oor die belasting en wil nie hê die hofbeslissing moet as 'n 'oorwinning' beskou word nie.”

'Ek was 'n Judas wat vir mense gelieg het'

2 ure gelede | Howe

Ronelle Rademeyer'n Senior admini­stratiewe beampte het gister in die hoërhof in Windhoek getuig sy was met haar rug teen die muur oor skuld en het...

Tyd vir skoffel in die Ooste

2 ure gelede | Kuns en vermaak

Yolanda Nel – Dit is om die draai en beslis nie iets wat jy wil misloop nie, so omkring sommer nou reeds 21 Maart op...

Skaam en wild

2 ure gelede | Kuns en vermaak

The Poject Room bied eersdaags Anne Lacheiner-Kuhn se Shy Wild-uitstalling aan. DIE KUNSTENAARAnne Lacheiner-Kuhn, die Namibies gebore kunstenaar, wat tans in Londen woon, maak van...

UPM: Stel Reho-raadslede weer aan

2 ure gelede | Politiek

Die United People’s Movement (UPM) eis drie van hul raadslede op die Rehoboth-dorpsraad, wat saam met vier Swapo-raadslede verlede jaar geskors is, moet heraangestel word....