Revenue up for Bidvest Namibia

Bidvest Namibia,
which listed on the
Namibian Stock
Exchange in October
2009, reported that
revenue was up 20.6%
to N$1,9 billion (2009:
N$1,6 billion).
Trading profit of
N$367.9 million (2009:
N$294,4 million) was
up 25%.
While “Manica
had a difficult year,
compounded by
falling aid cargoes, the
fisheries businesses
did exceptionally well,
underpinned by a
strong performance by
Namsov’s core horse
mackerel operation”.
A new vessel
was acquired for
N$210 million.