Heineken South Africa

03 Oct

NBL’s beverage categories grow

ObserverObserver MoneyHeineken South Africa

CHAMWE KAIRA In the condensed consolidated interim financial results for the period ended 30 June, Namibia Breweries Limited (NBL) said over the period, the company delivered well on its strategy for the Heineken transaction, as the company’s diverse portfolio experienced volume growth in all beverage categories. At the same time, NBL said it continued to manage cash efficiently given high capital expenditures, higher debt levels, and challenging market conditions. In the coming six months, Namibia Breweries Limited (NBL) plans to continue optimising the combined brands, infrastructure and people. According to the company, synergies will further boost margins and balance the…

NBL profit to drop by 90%

ObserverObserver MoneyHeineken South Africa, Namibian Stock Exchange

CHAMWE KAIRA Namibia Breweries Limited expects profit after tax and basic earnings per share are expected to decrease by more than 90% for the twelve months ended 30 June 2024. The company said in a trading statement that the decrease is attributable to the once-off extraordinary gains related to the profit realised on the sale of the shares held in Heineken South Africa (RF) Proprietary Limited in the comparative year. Namibia Breweries said headline earnings per share from continuing operations for the twelve months ended 30 June 2024 are expected to decrease by less than 5% compared to the comparative…