TNM | 2014 half-year financial results

By Published On: August 28th, 2014Categories: Corporate announcement

The Directors of Telekom Networks Malawi Limited are pleased to announce the release of the Group’s 2014 interim results for the six months ended 30 June 2014. Below are some key statistics from the report.

Key achievements in first half of 2014

  • 18% growth in subscriber base
  • Improvement in general network quality
  • Launch of PASAVUTE airtime credit
  • Expansion of the network in the Lilongwe region
  • Upgrade Pre-paid Billing System

Key financial highlights

  • 48% growth in Service Revenue to K 17,285 mil
  • 63% increase in EBITDA to K 6,032 mil
  • 79% increase in Operating Profit to K 4,075 mil
  • CAPEX investment additions of K 5,716 mil
  • 230% increase in Net Profit After Taxation to K 1,840 mil
  • ARPU of K 1,282
  • Earnings per share at K 0.18

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: 1,420.00 Tambala ▲ (3.00 | 0.21% – 24/03/23)

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