NWR suffers ops loss of N$33 mln

Namibia Wildlife Resorts (NWR) suffered an operating loss of N$33 million last year.

The SOE managed to cut its operating loss by 66%, from N$97 million in 2021.

Revenue improved by 74%, from N$167 million in 2021 to N$290 million, NWR said in a statement.

“While NWR is still in a loss-making situation, the company's management is confident that if the same improvement trend continues, a profit is certain in the near future,” it said.

NWR last year achieved a clean audit for the first time.