Analysing its 2018 financial results, TNM plc has recorded a 27% increase in its profit after tax. Figures on the report show that profit after tax rose to K16.66 billion ($22.96 million) from K13.10 billion in 2017.

Overall, the telecoms giant made a 40% improvement in its  earnings before interest, tax, depreciation and amortization (EBITDA), from 37% the prior year. The report also shows that in 2018, TNM invested in the fourth generation of cellular wireless standards(4G) mobile technology, boasting of new coverage sites across the country. A total of K19.31 billion was invested into this capital project.

TNM is eyeing on 2019, outlining its goal to become the preferred ICT provider in Malawi. The report reads, “Management will continue to pursue cost efficiencies to protect margins and profitability”

The board of directors have proposed a final dividend of 25 tambala per share, which will be declared at the next Annual General Meeting.