Capricorn Group profit after tax surpasses the N$1 billion mark for the first time. Despite the economies in the region where we operate being under severe pressure, the Capricorn Group delivered very good results, with group profit after tax for the year ended 30 June 2019 of N$1,015 million (June 2018: N$934 million).
Bank Windhoek, Capricorn Asset Management and Entrepo Holdings´ performances exceeded expectations, while Bank Gaborone performed in line with its targets for growth and profitability.
Cavmont Bank showed improvement compared to the prior year with a significantly reduced operating loss compared to the previous year.
Notice is hereby given that a final dividend of 36 cents per ordinary share was declared on 20 August 2019 for the year ended 30 June 2019.
Taking into account the interim dividend of 30 cents per share, this represents a total dividend of 66 cents per ordinary share for the year ended 30 June 2019 (June 2018: 60 cents per share).
Last day to trade cum dividend: 6 September 2019
First day to trade ex dividend: 9 September 2019
Record date: 13 September 2019
Payment date: 27 September 2019
We anticipate difficult conditions to persist, amplified by economic challenges and the widespread impact of the drought.
This calls for enhanced engagement with our clients on all aspects of their financial needs and finding ways to mitigate risk for all. Building on the speed of execution and adaptability that we ingrained in the business this year, we will exploit opportunities and further improve our offerings.
We are positive that the group will remain resilient and continue to deliver positive results.
By delivering on our strategy, diversifying investment and keeping our focus on operational excellence, we will be able to continue creating value and contributing to positive change.
Short form announcement
This short form announcement is the responsibility of the directors.
It is only a summary of the information contained in the full announcement and does not contain full or complete details.