TNM | Interim results for half year ended 30 June 2009

By Published On: September 28th, 2009Categories: Corporate announcement

The Board of the Telekom Networks Malawi Limited is pleased to release the financial results for the half year ended 30 June 2009.

Performance

“Throughout the year to date the company has been unable to access sufficient foreign currency from the market to fully implement its planned capital investment and operational initiatives. In particular roll out of base stations and procurement of handsets were, of necessity, scaled back with a concomitant adverse impact on subscriber growth and revenues.

“In a highly competitive market, the discount below cost of handsets availed to new subscribers was increased to an average of 65% from an originally budgeted level of 30%. This has contributed to a significant increase in operational costs…”

Highlights*

  • Revenue
 MK 3,590 million

+28%
  • Gross profit
 MK 1,794 million

+6%
  • Profit before income tax
 MK 698 million

-27%
  • Total comprehensive income
 MK 489 million

-26%
  • Basic earnings per share
 MK 0.05
  • Dividend per share
 MK 0.02
  • Total assets
 MK 9,459 million

+55%
  • Total equity
 MK 6,494 million

+88%

* Comparative to interims to 30 June 2008

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: 2,846.00 Tambala (0.00 | 0.00% – 02/06/23)

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