NWR achieves historic record Profit

• By Martha Nangombe

Namibia Wildlife Resorts (NWR) Board and Management announced an N$46 million profit and clean audit reports for two consecutive years at their annual report financials presentation.

NWR presented its annual report to the Ministry of Finance and Public Enterprises, Minister Ipumbu Shiimi. The company produced solid financial performance in 2023. Revenue increased by 32%, from N$294 million in 2022 to N$387 million. The overall bottom line was reduced by 231%, from a loss of (N$35) million in 2022 to a record profit of N$46 million in 2023.

Managing Director, Matthias Ngwangwama expressed his satisfaction to the profit made by NWR.

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