TNM | 2011 interim results

By Published On: September 5th, 2011Categories: Corporate announcement

The Directors of Telekom Networks Malawi Limited are pleased to release the financial results for the half year ended 30 June 2011. Below are excerpts from the report:

Performance

The company has experienced a significant increase in its subscriber base and the traffic on its network as a result of various innovative product offerings and promotions. This is reflected in the strong growth of 23% in revenue, which at MK5,301 million is 23% higher than that achieved in the first six months of 2010….

Outlook

Subsequent to six months ended 30th June 2011, the company secured a long term loan facility from a syndicate of local banks to finance the on-going capital investment programmes which will significantly reduce on short-term overdraft facilities…

Dividends

The Directors have approved a first interim dividend of MK200.8 million, equivalent to two tambala per share, payable on 30th September 2011 to shareholders appearing in the register at the close of business on 16th September 2011. The register of members will be closed from 19th September 2011 to 21stSeptember 2011 both dates inclusive.

Download full report on link below

The contents of the post above were obtained from third parties, which We, AfricanFinancials, believe to be reliable. However, We do not guarantee their accuracy and the above information may be in condensed form. The reader is encouraged to refer to the original source of the information, which, in most cases, is in PDF format and on the originating company's letterhead. While We endeavour to replicate the original content accurately, We cannot guarantee the absence of errors in the above article and We disclaim any liability regarding reliance on information provided in this article.

Telekom Networks Malawi Limited (TNM.mw)

Share price: 1,422.00 Tambala ▲ (1.00 | 0.07% – 28/03/23)

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