TNM | Trading Statement in respect of the year ending December 2018

December 3, 2018|

In terms of the Listings Requirements of the Malawi Stock Exchange, a listed company is required to publish a trading statement as soon as there is a reasonable degree of certainty that the financial statements for the period to be reported upon next will differ by at least 20% from that of the previous corresponding period.

Telekom Networks Malawi PLC accordingly advises that profit after tax for year ending December 2018 is expected to be more than 25% higher than the previous corresponding period.

The information on which this Trading Statement is based has not yet been reviewed or reported on by Telekom Networks Malawi PLC’s Auditors.

Telekom Networks Malawi PLC’s financial statements for the period will be published in the press by March 2019 following their review and approval by the Board of Directors.

Christina Mwansa
Company Secretary
Date 30th November 2018.

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Telekom Networks Malawi Limited is the major provider of telecommunication services in Malawi; offering a range of products that include post- and pre-paid airtime, interconnections, international incoming and roaming, handsets, equipment and accessories. Additional products and services include smart data packages, a mobile money wallet called Mpamba, Yanga Internet bundles; as well as voice services which include caller tune, call conference and mobile directory services. Value-added services include Me2U which allows customers to share airtime, Pasavute airtime services, and multimedia messaging services. Innovations include the introduction of 3.5g broadband services and high-speed wireless Internet access, voice and data connectivity, and video and music streaming. Telekom Networks Malawi Limited was the first mobile network operator in Malawi and was established as a joint venture between Telekom Malaysia and the then government-owned Malawi Telecommunications Limited (MTL). Telekom Malaysia sold its 60% majority stake in TNM and the telecommunication enterprise is now a wholly-owned Malawi company. Telekom Networks Malawi is listed on the Malawi Stock Exchange

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