Nambia Breweries Limited announced in a trading statement on the Namibia Stock Exchange that the Group´s operating profit is expected to decrease by between 25% and 35% compared to the same period last year, mainly due to the ban on alcohol sales in Namibia and South Africa as part of both Governments´ efforts to curb the spread of Covid- 19. In addition to this, profit after tax, basic earnings per share and headline earnings per share for the period ended 30 June 2020 are in turn expected to decrease by between 65% and 75%. The comparative period´s profit, the company points out, had however increased significantly due to Heineken South Africa raising a substantial once-off deferred tax asset derived from previously unutilized tax losses.