TNM | 2011 abridged results released
The Directors of Telekom Networks Malawi Limited are pleased to release the abridged financial results for the year ended 31 December 2011. Below are excerpts from the report:
Key achievements in 2011
- 35% growth in subscriber base
- Increase of market share to 42% from 37%
- Launch of Blackberry service
- Significant increase in use of the Mtolo prepaid bundles
- General improvement in Network Quality
Key financial highlights
- 24% growth in Service Revenue to MK 12,255mil
- 29% increase in EBITDA to MK 4,698mil
- EBITDA margin 37%
- Capex additions MK 2,678mil
- 16% increase in Profit After Taxation to MK 1,358mil
- ARPU MK 761
- Shareholders’ funds MK 8,229mil
- Earnings per share MK 0.14