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Home FeatureBusiness Letshego contributes N$ 127 million in taxes to Government
Letshego contributes N$ 127 million in taxes to Government
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Letshego contributes N$ 127 million in taxes to Government

June 14, 2018

WINDHOEK, 14 JUN (NAMPA) – Letshego Holdings Namibia (LHN) contributed N$ 127 million to Government in the form of taxes last year.
The company revealed this in its latest Integrated Annual Report which covers a 12-month period from 01 January 2017.
The report further states that LHN made a headline profit of N$ 329 952 482 by December 2017.
The company opened its doors in 2002 as Edu Loan Namibia, providing consumer and micro-lending services.
In August 2008, Letshego Holdings Limited, a Botswana Stock Exchange-listed entity, acquired 100 per cent of the company, soon after which the company re-branded and was renamed Letshego Financial Services Namibia.
Furthermore, LHN’s market capitalisation was approximately N.dollars 2 billion, representing six per cent of the Namibia Stock Exchange where it has primary listing since August 2017.
Letshego also recorded an increase in headline earnings per share by nine per cent to 75 cents over the period under review.
The company declared and paid a final dividend of 19.2 cents per share to shareholders on 30 April 2018 and a special dividend totalling N.dollars 113.3 million to shareholders on 15 March 2017.
Its total revenue increased by 14 per cent year-on-year, generating N$ 680 million.
(NAMPA)

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