NAMIBIA Post and Telecom Holdings (NPTH) has boosted Government coffers by N$230,8 million in dividends for the 2010-11 financial year, nearly N$50 million less than the state-owned enterprise’s cheque for the 2009-10 year.
NPTH poured more into the fiscus in taxes in 2010-11 than the previous financial year, though. Its tax bill for 2010-11 came to N$584 million, 33 per cent more than the previous financial year, NPTH chairman Henri Kassen said on Wednesday.The group’s revenue increased by seven per cent to N$3,4 billion during the period under review, realising a consolidating operating profit of N$870,4 million, up 19 per cent from 2009-10.’The 2010-11 financial year was a positive and fulfilling one for NPTH and its subsidiaries,’ Kassen said. He said it was year of ‘steadfast growth in the business, high customer satisfaction with our services and more visible industry profiling, among other things’.The group invested N$633 million in infrastructure 2010-11, 57 per cent more than the previous year.Assets grew by five per cent to N$7,77 billion, while liabilities increased by 13 per cent to N$4,4 billion.
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