Capricorn group records 23% profit increase in 2021

Tujoromajo Kasuto Capricorn Group, a Namibia-based investment holding company, reported a profit of 580 million dollars in 2021, a 23 percent increase over the previous financial cycle's profit of 469.1 million. When compared to the six months ended 31 December 2020, the Namibian and Botswana economies benefited from a better operating environment and less stringent COVID-19 restrictions during the six months ended 31 December 2021. The increased economic activity, albeit from a low base, boosted Capricorn Group's ("the Group's") performance, with profit from continuing operations increasing by N$111.4 million. Profit from continuing operations of N$580.5 million, however, is slightly lower…