TNM | 2018 abridged financial results

April 25, 2019|

Results for the year ended 31 December 2018.

Ongoing initiatives to improve revenue streams and manage costs continued to positively impact performance during the year. The company improved its EBITDA margin to 40% in 2018 (2017: 37%). Net financing cost increased to MK 2,914 million (2017: MK 2,810 million). Net profit after taxation for 2018, increased by 27% to MK 16,666 million, from MK 13,108 million in 2017.

Investment in capital projects totalled MK 19,318 million in 2018 (2017: MK 19,037 million) which mainly consisted of 4G mobile technology (LTE) expansions, network quality improvement, new coverage sites across the country and the replacement of the mobile money platform. LTE technology positions the company as a leading ICT provider, employing leading edge technology to offer world class mobile and fixed broadband services.

The company continues to pursue its strategy to become the preferred ICT provider in Malawi through focus on improved customer experience and product innovation. Management will continue to pursue cost efficiencies to protect margins and profitability.

Total Dividends of MK 7,530 million equivalent to MK 0.75 per share: (2017 MK 0.60 per share) are proposed for the period ended 31 December 2018:
MK 2,510 million: 25t per share was declared in June 2018 and paid in September 2018.
MK 2,510 million: 25t per share was declared in December 2018 and paid in January 2019.
MK 2,510 million: 25t per share to be declared at the upcoming AGM*

*The Directors propose a final dividend of 25 (twenty five) Tambala per share out of the profits of the company for the year ended 31 December 2018, to be declared at the forthcoming Annual General Meeting.


George Partridge

John M. O’ Neill
Chairman Board Audit Committee

Related download
TNM | FY2018 Financial results


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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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