Standard Bank Namibia Holdings Ltd (SNO) released interim results for the period ended 30 June 2021 (1H21). The financial results highlight the difficult operating environment as well as low interest rate environment the company has to navigate as profit after tax fell by 16.5% y/y to N$189.6 million from N$223.9m in 1H20.ROE droppedfor a fifth consecutive year from the 11.1% recorded in 1H20 to 9.0% in 1H21. Earnings and headline earnings per share contracted by 18.2% y/y from 44cps to 36cpsand aninterim dividend of 16cps was declared (1H20: 21cps)...
