Namibia: Namdia Profit Down 41%

22 September 2020

STATE-owned diamond dealing company Namib Desert Diamonds (Namdia) recorded a N$95,2 million profit this year - at least N$66 million less than last year.

The company points to lower profit margins and the competition of synthetic diamonds as some of the causes, while saying the 41% drop in profit was to be expected given the circumstances.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.