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Wireless

TNM FY net profit rises 27% to MWK 16.67 bln

Monday 29 April 2019 | 08:40 CET | News
Malawian operator TNM's net profit increased by 27 percent to MWK 16.67 billion for the year ended 31 December 2018 from MWK 13.1 billion in 2017. The EBITDA margin rose to 40 percent in 2018 from 37 percent in 2017. Net financing cost increased to MWK 2.91 billion from MWK 2.81 billion. It attributed the growth to initiatives to improve revenue streams and manage costs.  

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Categories: Mobile & Wireless
Companies: TNM
Countries: Malawi
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