Financial Results for the year 2016

Financial Results for the year - 2016


The budget for the 2016/17 financial year is challenging and testimony of management’s commitment to continuous growth and profitability. Agra implemented a strategy to diversify its business in non-agricultural investments to counteract the cyclical nature of agriculture with steady income streams that are not entirely dependent on the country’s weather conditions. The Agra board and management continuously evaluate and manage the risks associated with our business by means of a dynamic and regularly updated risk register.

Due to agriculture being an important part of Agra’s business, the Agra board of directors and its management carefully monitor the regulatory and business environment. The consequences of the drought, as well as other factors of concern will impact on Agra’s business for the years ahead. Agra’s business divisions are critically and continuously evaluated to ensure that they are profitable. New initiatives are proactively implemented to ensure sustainable business growth.

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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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