Letshego Holdings (Namibia) Limited

Letshego’s operating profit increase to N$219m

Letshego’s operating profit increase to N$219m

CHAMWE KAIRA Letshego Holdings (Namibia) Limited has said in interim results for the year ended 30 June, that operating profit increased by 18% to N$219 million compared to N$186 million in the year ended June 2023. Profit after tax increased by 16.3% to N$199 million compared to N$171 million in the same period last year. The group said Letshego Bank (Namibia) Limited capital adequacy ratio improved by 3% to 35%. Letshego's said strong business fundamentals, coupled with significant advancements in governance and sustainability frameworks, positioned the company to capitalize on the benefits and potential generated by the initial phases of…
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