FirstRand Namibia Ltd (FNB) released results for the year ended 30 June 2021 (FY21). Despite operating conditions remaining challenging over the period, the group recorded a 23.9% y/y increase in profit after tax to N$1.03 billion, while headline earning per share increased by 17.8% y/y to 391.2cps. FNB posted an impressive ROE of 19.4% (FY20: 16.0%) and a ROA of 2.3% (FY20: 1.9%). A final dividend of 118cps (+136% y/y) was declared for the period.
