TNM | Trading Update

By Published On: December 15th, 2014Categories: Corporate announcement

Statement In Respect Of the Year Ending December 2014

In terms of the Listings Requirements of the Malawi Stock Exchange, a listed company is required to publish a trading statement as soon as there is a reasonable degree of certainty that the financial results for the period to be reported upon next will differ by at least 20% from that of the previous corresponding period.

Telekom Networks Malawi Limited (TNM) accordingly advises that the Net profit after tax for the year ending December 2014 is forecast to be approximately 90% higher than the previous financial year.

TNM further wishes to advise that any significant movement of the Malawi Kwacha exchange rate against other major currencies during the month of December 2014 could have an impact on the final results.

The information on which this Trading Statement is based has not yet been reviewed or reported on by the company’s external auditors. The 2014 annual financial statements of Telekom Networks Malawi Limited are expected to be published in the Press by March 2015 following their review and approval by the Board of Directors.

Christina Mwansa
Company Secretary

11th December 2014

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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