Financial Results for the year 2014

Financial Results for the year - 2014


The drought of 2013 put pressure on the cash flow and consequently, the disposable income of producers and Agra clients. The good rains of this year again resulted in favorable production conditions for both agronomy and livestock producers. The increase in slaughter prices and good harvests helped producers to generate cash. The stricter regulations for the export of stock to South Africa temporarily had a negative impact on the auction prices, especially prices of weaners. These external factors, over which producers have no control, render the agriculture business sector unpredictable and hold certain risks for Agra.

Despite the above mentioned factors, the revenue for the company increased by 4%. The net profit after tax amounted to N$33.8 million for the Group and N$30.3 million for the company. Keeping in mind that producers are usually cautious after droughts to spend on extensive developments, but rather focus on maintenance needs of animals and building their herds, this is a good achievement.

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