Bidvest Namibia delivered yet another poor result in the first half of the financial year of 2017, reflecting the difficulties of its fishing division Namsov.
The fishing division reported a loss for the first time since it listed on the Namibia Stock Exchange, coming in at a minus of NAD 9.2 million (€666,864/$706,734), comparing to a profit of NAD 66.9 million (€4.8 million/$5.1 million) in the first half of the previous year.
Fishing performance was impacted by the lower horse mackerel quote allocated to the company, as well as lower hard currency prices, which dropped 11.2
