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 ended 30th June 2013 is expected to be more than 35% higher than the previous corresponding period.
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 2013, following their review and approval by the Board of Directors.
Date: 18th July 2013
Company Reg. Number 4029
Telekom Networks Malawi Limited,
Fifth floor, Livingstone Towers, Glyn Jones Road,
P.O Box 3039, Blantyre, Malawi.