In terms of the listing requirements of the Malawi Stock Exchange Limited, a listed company is required to publish a Trading Statement as soon as there is a reasonable degree of certainty that the financial results for the period to be reported upon next will vary by at least 20% from that of the previous corresponding period.
NBS Bank plc will be registering a profit in the current year materially different from the prior year. The company accordingly advises that profit after tax for the year ending 31 December 2019 is expected to be approximately 100% higher than the profit recorded during the previous corresponding period.
The information on which this Trading Statement is based has not been reviewed or reported on by the company’s external auditors. The summary consolidated and separate financial statements of the Company for the financial year ending 31 December 2019 are expected to be published not later than 30 June 2020.
Marsha Ovi Machika