Namibia Breweries Ltd FY22 Initial Impression
Namibia Breweries Ltd (NBS) reported its financial results as at 30 Jun ’22 earlier today. The Company reported an operating profit increase of 8.9% y/y, while profit after tax from continuing operations and HEPS increased by 8.2% y/y and 46.6% y/y, respectively. The results have not yet surpassed ’19 levels, indicating NBS has not fully recovered from COVID-19 restrictions.
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