Namibia Asset Management Ltd. announced consolidated earnings results for the year ended September 30, 2012. For the year, the company announced revenue of NAD 41,645,220 compared to NAD 45,474,540 for the same period a year ago. Operating profit was NAD 10,720,110 compared to NAD 6,615,341 for the same period a year ago. Profit before tax was NAD 11,446,886 compared to NAD 7,155,178 for the same period a year ago. Profit attributable to ordinary shareholders was NAD 7,694,190 or 4.60 cents per diluted share compared to NAD 4,774,295 or 2.86 cents per diluted share for the same period a year ago. Net cash flow from operating activities was NAD 1,744,640 compared to NAD 2,873,788 for the same period a year ago. Acquisition of equipment to maintain operations was NAD 61,519 compared to NAD 238,133 for the same period a year ago. Headline earnings were NAD 7,694,190 or 4.64 cents per basic share compared to NAD 4,770,979 or 2.88 cents per basic share for the same period a year ago.

The company's board recommended a normal dividend of 4 cents per ordinary share compared to 3 cents per ordinary share paid in the same period a year ago. Ex-dividend date is 19 November 2012, record date is 23 November 2012 and payment date is 30 November 2012.