Namcor reports net loss of N.dollars 1.3 billion

NAMPA

2025-07-07

WINDHOEK, 03 September 2019 - The National Petroleum Corporation of Namibia (Namcor) Filling Station at Hosea Kutako International Airport. (Photo by: Anna Salkeus) NAMPA

WINDHOEK, 07 JUL (NAMPA) – The National Petroleum Corporation of Namibia (Namcor) reported a net loss of nearly N.dollars 1.3 billion for the 2022/23 financial year, despite a rise in revenue to N.dollars 7.4 billion.
The losses were driven by high trading volumes that failed to deliver sufficient margins, coupled with Namcor’s relatively small market share of 7 to 8 per cent, which weakened its pricing power.
In a statement on Sunday, Namcor sa...

Restricted content

Namcor

Oil & Gas

Three graduates to undergo ROV training in Malaysia

2025-08-08 09:34:18

EU expands PRo-VET project to southern Namibia

2025-08-06 11:49:40

Fuel prices remain unchanged for August

2025-08-01 16:57:24

Brazil ready to assist Namibia in safeguarding its coastline: Sanmartin

2025-07-31 14:46:22

NCAA targets sustainable aviation fuel production

2025-07-17 07:46:59

Namibia’s green strategy positioned as model for Africa

2025-07-13 10:36:08

Namibia to host green investment dialogue on hydrogen economy

2025-07-09 11:21:02

N.dollars 50 billion hydrogen, ammonia plant on the cards for Arandis

2025-07-04 08:44:32

NPC meets with Climate Fund Managers on green hydrogen investment

2025-06-27 16:57:22

Fuel prices unchanged

2025-06-27 15:14:57

2025 Global African Hydrogen Summit set for September

2025-06-24 05:28:54

Latest NAMPA photos

OMUTHIYA, 05 August 2025 - Community members of Oshalongo B have started building a clinic. (Photo: Contributed)

NAMPA

OPUWO, 04 August 2025 - Electoral Commission of Namibia Kunene Regional Election Officer, Mike Nganjone. (Photo: Contributed)

NAMPA

KATIMA MULILO, 01 August 2025 - Mutonga Matali is the Manager for Corporate Communications and Marketing at the National Housing Enterprise (NHE). (Photo: Contributed)

NAMPA

OTJIWARONGO, 04 AUG (NAMPA) - Otjozondjupa Governor John //Khamuseb at the official opening of a weeklong consultative workshop for the Parliamentary Standing Committee on Gender Equality, Health and Social Welfare on Monday morning at Otjiwarongo. (Photo by: Mulisa Simiyasa) NAMPA

NAMPA

OTJIWARONGO, 04 AUG (NAMPA) - Chairperson of the Parliamentary Standing Committee on Gender Equality, Health and Social Welfare, Nono Katjingisiua speaks on Monday at Otjiwarongo a weeklong consultative workshop with the ministries of education, health, gender, police's gender based violence, home affairs, water and legal assistance centre. Deputy Chairperson of the committee Ephraim Nekongo is also attending the workshop. Otjozondjupa Governor John //Khamuseb officially opened it on Monday morning. (Photo by: Mulisa Simiyasa) NAMPA

NAMPA

OTJIWARONGO, 04 August 2025 - The Parliamentary Standing Committee on Gender Equality, Health and Social Welfare is meeting at Otjiwarongo this week to discuss issues surrounding access to health services, gender equality, and the social welfare of women, children and other vulnerable groups. (Photo by: Mulisa Simiyasa) NAMPA

NAMPA

OTJIWARONGO, 04 AUG (NAMPA) - Group photo for the Parliamentary Standing Committee on Gender Equality, Health and Social Welfare on Monday at Otjiwarongo where its members are attending a weeklong consultative workshop with ministries of education, health, gender, police's gender based violence, home affairs, water and legal assistance centre. Chairperson of the committee Nono Katjingisiua and her deputy Ephraim Nekongo are also attending the workshop. Otjozondjupa Governor John //Khamuseb officially opened it on Monday morning. (Photo by: Mulisa Simiyasa) NAMPA

NAMPA

WINDHOEK, 04 August 2025 - The Rehoboth Town Council on Sunday commissioned Hage Geingob Drive, renaming the former D1210 Street in honour of the late President Hage Geingob. (Photo contributed) NAMPA

NAMPA