TNM | 2017 abridged financial results
REVIEW OF THE YEAR
The company achieved good subscriber and service revenue growth during 2017 which resulted in sustained margins and profitability levels. These achievements were supported by the strong performance of the consumer and business enterprise products, strong brand and cost management strategies.
The economic environment stabilized during the period under review with falling inflation rates, falling interest rates and the stabilised exchange rates which resulted in foreign currency denominated expenditure savings…
The company continues to pursue its stated strategy to become the preferred ICT provider in Malawi through focus on improved customer experience and product innovation. The macro economic environment is expected to remain challenging putting pressure on margins and service revenue. Management will continue to pursue cost efficiences to protect margins.
Total Dividends of MK 6,024 million equivalent to MK 0.60 per share: (2016 MK 0.33 per share) are proposed for the period ended 31 December 2017:
MK 1,506 million : 15t per share was declared in June 2017 and paid in September 2017.
MK 2,008 million : 20t per share was declared in December 2017 and paid in January 2018.
MK 2,510 million : 25t per share to be declared at the upcoming AGM*
*The Directors propose a final dividend of 25 (twenty five) Tambala per share out of the profits of the company for the year ended 31 December 2017, to be declared at the forthcoming Annual General Meeting.
BY ORDER OF THE BOARD
John M. O’ Neill
Chairman Board Audit Committee
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Telekom Networks Malawi Limited (TNM.mw)Share price: 1,422.00 Tambala ▲ (1.00 | 0.07% – 28/03/23)
Recent Documents & News
Telekom Networks Malawi Limited (TNM.mw) Q42022 Interim Report – December 28, 2022
TNM (Malawi) appoints Engineer Lloyd Gowera as Acting CEO – October 24, 2022
Telekom Networks Malawi Limited (TNM.mw) HY2022 Interim Report – September 29, 2022
Telekom Networks Malawi Limited (TNM.mw) 2021 Annual Report – August 5, 2022
AGM, Corporate announcement
Telekom Networks Malawi Limited to hold its AGM on the 1st of July 2022 – July 15, 2022