Financial Results for the year 2013

Financial Results for the year - 2013


The below average rainfalls and consequent drought in Namibia will remain in the minds of all for a long time. The decrease of 30% in stock prices, bad harvests for agronomists and additional costs of animal feeds and licks put immense pressure on the cash flow of producers. The effect of a loss of income and additional emergency marketing will most probably only be felt in 2014. Agra is duly aware of this critical situation the producers find themselves in and the possible impact it might have on our business in the near future.

Like the agricultural producers, Agra also faces dynamic times with new challenges every day. Since the founding of Agra 33 years ago, the business environment has changed drastically. In the retail as well as in the livestock sectors there are newcomers who make the business more competitive, but at the same time offer alternatives to the client.

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Corporate News

The Coronavirus (COVID-19) was declared a pandemic by the World Health Organisation (WHO) on 11 March 2020. The Namibia Government announced on 14 March 2020 that it would implement precautionary measures to protect Namibians from being affected by the Coronavirus (COVID-19). As a responsible Corporate Citizen and Employer, measures will be implemented to streamline potential business risk areas...

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