BUSINESS TODAY | NWR records a 3% revenue increase
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Namibia Wildlife Resorts' saw a revenue increase of 32 percent in 2022.
The state-owned enterprise's revenue jumped from N$294 million in 2022 to N$387 million last year, resulting in a profit of N$46 million.
Presenting the company's 2023 annual financial report, NWR Chief Financial Officer Brian Masule highlighted significant progress in terms of its strategic objective of financial sustenance.
The aim was to reduce its loss by 231 percent from a loss of N$35 million to N$46 million in profit.