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

Agra Limited held its Annual General Meeting on the 29th of November 2019, at the Agra/Bank Windhoek Ring situated at the Windhoek Industrial and Agricultural Show Grounds. The AGM was attended by the Agra Board Chairperson, the Board of Directors, Agra Management Team, external auditors, shareholders and media.   Mr Ryno van der Merwe, the Agra Board Chairperson welcomed the Shareholde...

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