Agra earns N$55 million

March 23, 2016, 10:19am


 Rosalia David
Agra Limited Namibia has managed to rake in N$55million from its operations in the previous year.
The company recorded a total gross turnover of N$2.138 billion in the 2014/2015 financial year, this indicating a 10.75% increase compared to the previous financial year.
The Agra group turnover amounted to N$1.34 billion, which was an increase of 7.3% compared to the previous financial year when they only recorded N$1.25 billion, however, things have not always been positive as the Agra once recorded a loss almost 2 decades ago.
Agra’s Chief Executive Officer (CEO) Peter Kazmaier says, “The net profit before tax figure from a loss of N$2,2 million in 1997 to a profit of N$55 million for the current year is one of the highlights of my career as the CEO of Agra”.
The company also looks back at some of its most significant milestones during the past year with the completion and opening of its two largest investments, being the Auas Valley Shopping Mall and the Agra Hyper development in Lafrenz, Windhoek with Agra’s new flagship branch, as well as the completion of major renovations and a new retail store at Agra Opuwo.
The company opened a new depot Do It Yourself (DIY) on the 12 February, DIY which is situated in Okahandja is Agra’s first franchise and the store serve clients with a large variety of products  for building, plumbing, electrical, landscaping and gardening, swimming pool, automotive, flooring, welding, painting, tools and lighting.
“DIY depot created many job opportunities including Jean Nel, who has been employed at Agra since 2013, he was appointed as Supervisor of the DIY Depot, “says Kazmaier.
Jen Nel has been employed at Agra from 2013, was appointed as the supervisor of the DIY depot, He made a good progress in his position as a goods administrator in the Okahandja branch’s buying division which earned him the opportunity of growth through responsibilities and managing a division.
Kazmaier says, “Jean made good progress in his position as goods administrator in the Okahandja branch’s buying division, which earned him this opportunity of further growth through more responsibilities and managing a whole division”.
Working at Agra, Jean gained experience as operator, operations manager and assistant manager in the transport business local and cross border.
Jean who has a diploma in business management from the Namibia Business Institute and has completed various training courses at Agra. In his time at Agra he has proven that he is capable of taking on more responsibilities and with his spontaneous character and love for people, he grabbed the opportunity as supervisor of the DIY depot.
The staff members of the DIY depot received training to equip them with the necessary knowledge and skills to perform their responsibilities and provide excellent customer service. The course was presented by Michael Degé of Agra ProVision, and Agra Okahandja staff joined the training to refresh their knowledge and skills on customer service and merchandising.
Agra Namibia, which is a leading agricultural industry player, providing agricultural and industry related products and services to Namibian producers and major industry players and a public non-listed company employing up to 850 people, has been one of the pillars of the agricultural community of Namibia and fully-fledged Namibian organization which contribute to the Namibian economy.
Kazmaier reveals that, “Agra Arms, Ammunition and Outdoor achieved a gross turnover of N$119, 5 million. The properties division’s gross income increased from N$21, 9 million in 2014 to N$32, 8 million.”
Agra also sold about 108 706 pelts at the September 2014 and April 2015 auctions at the Copenhagen in Denmark.
 
Although Agra had a year of growth, the company’s performance of Provision dropped due to a number of consultancies. The income from swakara was recorded by N$55, 4 million also decreased compared to N$73, 9 million recorded in 2014.
Kazmaier also mentioned that, “The conditions in the global market affected the prices but this division continues to work on growing Agra’s market by providing professional support services to the agricultural sector in Namibia.”