NPTH pays N$230.8 million dividend

Namibia Post and Telecom Holdings Group (NPTH) handed over a dividend of N$230.8 million to the Ministry of Information and Communication Technology (ICT) at its Annual General Meeting in Windhoek.

Minister of Information Communication and Technology (ICT) Joël Kaapanda accepted the dividend on behalf of Government and extended his gratitude and thanks to the management teams and the staff of the NPTH Group. 

NPTH declared the dividend for the 2010/11 financial year.

The group’s revenue increased by 7% to N$3.4 billion during the period under review, realising a consolidating operating profit of N$87.4 million, up 19% from 2009-10.

The group also invested N$633 million in infrastructure during the year. Assets grew by five per cent to N$7.77 billion, while liabilities increased by 13% to N$4.4 billion.

NPTH paid N$584 million in taxes, 33% more than the previous financial year.

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