Stimulus Investments Limited

Stimulus upbeat on outlook, despite slump in investee contribution

Stimulus upbeat on outlook, despite slump in investee contribution

Staff Writer Stimulus Investments Limited has reported an operating profit of nearly N$1.32 million for the year ended 28 February 2021, compared to a loss of about N$5.95 million for the same period last year. The company, however, recorded a total comprehensive loss of N$27.2 million, down from N$35.8 million in 2020. The company reported a dividend income of nearly N$21.3 million, about N$24.5 million for the period under review. According to its financials, the company’s operating expenses increased to N$12.8 million, from N$12.3 million prior year. The company’s finance costs for period were N$31.2 million, down from nearly N$34.7…
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