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:


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….


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…


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

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