Mobile phone network and ICT service provider-TNM is looking forward to closing the year on a high note with an anticipated high margin profit growth.
In their trading statement notice for the last half of the year 2017, the telecommunications Company Secretary Christina Mwansa discloses that they expect a 60 percent profit increase.
The statement, which is in fulfilment of Malawi Stock Exchange listing requirements, comes after the company also post an impressive profit in the first half of the year.
As at the end of June 2017, TNM registered a half year profit of 4.7 Billion Kwacha, which was over twice their annual returns for 2016 where they made 8.2 Billion Kwacha, putting them amongst the companies that performed well this year.
Mwansa however stresses that the expected 60 percent profit after tax growth financial statement, have not yet been audited.
A consolidated financial statement for the firm is expected to be made public by March next year following the board’s approval.