Namibia Post and Telecom Holdings (NPTH) group has once again outperformed itself and paid a dividend of over N$243 million to Government.
For the 2011/ 2012 financial year ended 30 September 2012, the NPTH group recorded a 19% revenue increase, from the N$2, 8 billion in 2011 to N$3, 4 billion in 2012 with an operating profit of N$801 million.
It further made capital investment under the period under review amounting to N$662, 020 million and paid N$231, 114 million in taxes.
Speaking on behalf of Minister of Information and Communication Technology (ICT) Joel Kaapanda, Deputy Minister of ICT Stanley Simaata, commended the NPTH group for being one of the State Owned Enterprises (SOEs) that have consistently paid dividends to shareholders, even in difficult times.
“Under current financial depression conditions worldwide, it is encouraging that through proper business and sound financial management practices, the NPTH Group of Companies is maintaining operational excellence, resulting in the declaration of an increased dividend for the financial year 2011/2012, ” he says.
Simataa says it is important to strive to stay the course of profitability and create additional value for the shareholder by being more aggressive in seeking and exploiting the various opportunities.
He adds that the group has always introduced innovative and state of the art technologies to improve the lives of citizens; therefore it is encouraging that Namibia is amongst the first countries in SADC and Africa to have deployed 4G/ LTE mobile services.
Presenting the dividends, Chairman of the NPTH group Henri Kassen said that the continual support of the shareholders has had a positive impact on the group’s performance.
“Despite the prevalent business environment, we have again excelled at the vanguard in the league of top performers among the SOE family. I recall the clear call by our Prime Minister that ‘we should shape up or ship out’. We in the NPTH Group used the past 20 years to ‘shape up’; therefore we consistently paid dividends to the Government,” he notes.
NPTH is the holding company for Namibia Post Limited, Telecom Namibia Limited and majority shareholder in Mobile Telecommunications Limited (MTC). The company owns the Group’s land and buildings which are let to these subsidiaries.
The activities of the subsidiary companies are the rendering of postal, telecommunication and ICT services.
Looking back at the last 20 years, Kassen cited achievements such as Nampost’s computerised operation in 1995, smartcards for savings bank customers and Telecom’s launch of the new broadband Speedlink and the launch in 2012 of a TN broadband service for high speed, unlimited download and internet on the go.
In addition, MTC has passed the 2 million subscribers mark which significantly contributes to its income.
In ensuring that its subsidiaries render efficient and innovative services, NPTH group has created an enabling environment to turn challenges into opportunities, it argues.
“In support of our subsidiaries and their activities NPTH advanced N$25 million loan for its investment in Postfin and an N$39 million loan to Telecom Namibia to increase its capacity.
It further invested N$650 million in infrastructure development. Consequently, the group’s total assets grew to N$7.2 billion; the group liabilities stood at N$5.1 billion,” Kassen noted.