By Mbatjiua Ngavirue
WINDHOEK – Trustco Group Holdings yesterday announced its first annual financial results since listing on the Namibian Stock Exchange in September last year.
Trustco is currently in the process of a major growth phase, which is why it decided to raise capital on the Namibian Stock Exchange.
The company, that prides itself on being creative and innovative, presented its annual report in a newspaper-style publication named The Trustco Times.
On the surface, the figures presented by the company appear positive, but they also appear to mask some slightly worrying trends.
The company mentions increased revenue of 46,15% to N$193.18??????’??