FilingReader Intelligence

Namibia Breweries' profit to increase, but earnings to decline

March 26, 2025 at 09:00 PM UTCBy FilingReader AI

Namibia Breweries (NBS) has announced that its operating profit for the eighteen months ending December 31, 2024, is expected to increase by 110% to 115% compared to the previous twelve-month period. The improved performance is attributed to a strong performance from the new portfolio. However, due to higher net financing costs and increased tax expenses over the eighteen-month period, headline earnings are expected to increase by a more moderate 91% to 96%.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

JSE:NBSJohannesburg Stock Exchange

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