In Respect of the 6 Months Ending 30th June 2014
In terms of the listings requirements of the Malawi Stock Exchange, a listed company is required to publish a trading update 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 accordingly advises that the Net Proﬁt after Taxation for the six months ending 30th June 2014 is expected to be more than MK1,800 million. This will compare with the MK 558 million for the six months ended 30th June 2013 and the full year results of MK 2,599 million for the 12 months ended 31st December 2013.
The information, on which this Trading Update is based, has not yet been reviewed or reported on by the external auditors of Telekom Networks Malawi Limited.
Telekom Networks Malawi Limited’s Summarized Financial Statements for the period will be published in the press at the end of August 2014, following their review and approval by the Board of Directors.
26th June 2014