Letshego Holdings (Namibia) Ltd (LHN) released interim results for the period ended 30 June 2021 (1H21). Earnings and headline earnings per share increased by 26.2% y/y from 23.3cps to 31.9cps, while profit after tax rose by 26.2% y/y to N$159.6 million. Earnings growth was mostly driven by LHN being able to charge customers insurance premiums again. The increased earnings have led to the ROE increasing from 12.2% at 1H20 to 13.8% at 1H21, while the ROA improved from 7.7% to 8.0%. LHN will declare an interim dividend for the first time. The amount per share and date of payment will be announced on or before 30 September 2021.
