Nov 25, 2017 Last Updated 7:59 AM, Nov 24, 2017
×

Warning

JFile: :read: Unable to open file:

TNM Registers 72% Growth

The company has registered a post tax profit of MK4.7 Billion, up from MK2.8 Billion The company has registered a post tax profit of MK4.7 Billion, up from MK2.8 Billion Image sourced at twitter.com
Published in Business News
Read 4758 times
Rate this item
(0 votes)
Tagged under

One of Malawi’s mobile phone service providers TNM is proving its worth on the market, as it continues to register notable growth.

In the first half of the year, TNM has registered a 72 percent growth in profits from where it left off as at 31st December 2016.

The company has registered a post tax profit of MK4.7 Billion, up from MK2.8 Billion, which was made during the same period in 2016.

In a published half-year financial report, the Board Chairman of the company George Partridge has attributed the growth to the decreasing national inflation, coupled with a stable exchange rate.

The company has also heavily invested in ICT services which are said to have pushed their earnings further.

This half year profit is almost equivalent to the mobile phone service company’s full year profits from two years ago.

Established in 1995, TNM is a joint venture between Telekom Malaysia and Malawi Telecommunications Limited, it is listed on the Malawi Stock Exchange.

In April 2007 Telekom Malaysia sold its 60% majority stake in TNM. TNM is now wholly Malawian owned. 

Geographically TNM network covers over 74% of Malawi.

TNM operates 3.5 generation network enabling advanced high speed broadband multimedia services, in addition to GSM/GPRS/EDGE networks.

TNM offers a comprehensive range of prepaid and postpaid services, these include voice and data connectivity.

1382 comments

  • Comment Link berghaus online store berghaus online store Saturday, 25 November 2017 03:41

    I just added this feed to my bookmarks. I really like reading your posts. Thanks!
    berghaus online store http://www.berghausstore.cc

  • Comment Link Buy Callaway Golf Buy Callaway Golf Saturday, 25 November 2017 03:41

    Starting a site kind of like this one forced me to do some research and I found your post to be quite helpful. My content is centered around the idea of knowledge, fun and sharing. I wish you first-rate luck with your site in the future and you can be sure I'll be following it.
    Buy Callaway Golf http://www.callawaygolf.online

  • Comment Link Arcteryx Outlet Online Arcteryx Outlet Online Saturday, 25 November 2017 03:41

    Im happy I found this blog, I couldnt find out any data on this subject matter prior to. I also run a site and if you want to ever serious in a little bit of guest writing for me if feasible feel free to let me know, im always look for people to examine out my site. Please stop by and leave a comment sometime!
    Arcteryx Outlet Online http://www.arcteryxoutlet.us

  • Comment Link discount Pierre Hardy online discount Pierre Hardy online Saturday, 25 November 2017 03:41

    There are several expense-free methods to spice up YouTube views in your videos. In the event you dont need to shell out any amount in augmenting traffic to your videos, you can start by selecting an fascinating and distinctive title on your videos. When individuals read an attention-grabbing title, they may nearly always become drawn to it and turn out to be motivated to view the video. You can also goal a particular keyword or key-words and add their particular needs to your title to assist your video exhibit up in more searches. Employing tags may also assist your video in achieving more visibility on YouTube. You can find an incredible number of put forward movies on this internet page which means that you might have taut rivalry on exceptional video categories.
    discount Pierre Hardy online http://www.pierrehardyoutlet.cc

  • Comment Link vivienne westwood shoes online vivienne westwood shoes online Saturday, 25 November 2017 03:41

    I'll be back as soon as once more within the long run to examine out your blogposts down the road. Thanks!
    vivienne westwood shoes online http://www.viviennewestwoodonline.cc

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Any data to display

Find Us on Facebook