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TNM Projects 60 Percent Profit Increase

Exciting news for Telekom Networks Malawi Limited (TNM) shareholders as the mobile phone network and ICT service provider has projected to register profit increase of about 60 percent.

TNM has revealed about the prospects in a trading statement notice for the last half of the year 2017, signed by the Company Secretary, Christina Mwansa.

Mwansa however stressed that the expected 60 percent profit after tax growth financial statement, have not yet been audited.

A consolidated financial statement for the firm is expected to be made public by March next year following the board’s approval.

The statement, which is in fulfillment of Malawi Stock Exchange listing requirements, comes after the company also posted an impressive profit in the first half of the year.

In a year ending June 2017, TNM registered a half year profit of K4.7 Billion which was over twice their annual returns for 2016 which was about K8.2 Billion.