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#JustIn: Strong results from FirstRand Namibia

FirstRand Namibia’s earnings for the six months ended 31 December 2022 increased by 36% to N$845 million.

The locally-listed group’s latest interim results were published today, showing pre-provision profits grew 32% year on year (y/y) to N$1.311 billion from N$997 million.

Income from operations increased 21% y/y to N$2.388 billion and the group produced N$396 million of economic profit, or net income after cost of capital (NIACC), which is one of the group’s key performance indicators.

A total cash dividend of 396.55 cents per share for the six months ended 31 December 2022 - made up of interim ordinary dividend of 209.70 cents and a special dividend of 186.85 cents - was declared.


Allgemeine Zeitung 2023-03-28

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