Capricorn Group records positive growth


CAPRICORN Group Limited’s annual financial results for the year ended 30 June 2023, show that the company experienced positive momentum, with revenue growth now exceeding pre-pandemic levels, indicating moving past the recovery phase into the growth phase.

With the release of the results, Group Chief Executive Officer (CEO), Thinus Prinsloo emphasised that they remain focused on working towards a sustainable future for its stakeholders.

“As responsible corporate leaders, we must challenge our relevance to stakeholders and continuously re-evaluate how we make an impact. I am pleased that our commitment to improving lives through leadership in financial services by being Connectors of Positive Change has impacted many lives positively this past financial year, resulting in value creation of note for all our stakeholders,” he said.

Capricorn Group’s profit after tax increased by 28.7% to N$1.47 billion on the back of improved net interest margins, reduced credit impairment losses, strong growth in non-interest income and efficient operations.

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