#JustIn: Capricorn reports nearly 10% profit growth
Locally-listed Capricorn Group this morning reported a profit after tax of N$1.74 billion for the year ended 30 June 2024, about N$160 million or 9.9% more than its previous financial year.
“The results are attributed to excellent results and solid all-round performances across the Group’s portfolio of businesses, which includes the banking subsidiaries Bank Windhoek and Bank Gaborone, as well as Capricorn Asset Management (CAM), Entrepo Group, Peo Finance and our associates,” group chief financial officer Johan Maass.
Results released on the Namibian Stock Exchange (NSX) show Capricorn’s net interest income before impairment charges increased by 13.6% to N$3.1 billion.
Interest income growth was driven by higher interest rates and a 7.5% year-on-year (y/y) growth in the loan book, the group said.
Non-interest income increased by 14.2%, largely attributable to a 12.6% increase in transaction-based fees, driven by increased transaction volumes, especially on digital channels.
Capricorn declared a final dividend of 64 cents per ordinary share, which will be paid to shareholders on 18 October 2024.
Including the interim dividend of 48 cents per ordinary share, this represents a total dividend of 112 cents per ordinary share (2023: 100 cents). This is a 12.0% increase in the total dividend per share for 2023.
“The results are attributed to excellent results and solid all-round performances across the Group’s portfolio of businesses, which includes the banking subsidiaries Bank Windhoek and Bank Gaborone, as well as Capricorn Asset Management (CAM), Entrepo Group, Peo Finance and our associates,” group chief financial officer Johan Maass.
Results released on the Namibian Stock Exchange (NSX) show Capricorn’s net interest income before impairment charges increased by 13.6% to N$3.1 billion.
Interest income growth was driven by higher interest rates and a 7.5% year-on-year (y/y) growth in the loan book, the group said.
Non-interest income increased by 14.2%, largely attributable to a 12.6% increase in transaction-based fees, driven by increased transaction volumes, especially on digital channels.
Capricorn declared a final dividend of 64 cents per ordinary share, which will be paid to shareholders on 18 October 2024.
Including the interim dividend of 48 cents per ordinary share, this represents a total dividend of 112 cents per ordinary share (2023: 100 cents). This is a 12.0% increase in the total dividend per share for 2023.
