TNM sees profit jumping 90% –Malawi Stock Exchange

  • Scoops Marketing Excellence awards

Malawi premier mobile network provider TNM has forecast its 2014 profit to jump 90 percent above last year.

TNM Specialist (Brand & Creative Development) Daniel Ngwira (in green jacket) and team react after receiving the top accolades

TNM Specialist (Brand & Creative Development) Daniel Ngwira (in green jacket) and team react after receiving the top accolades

The robust financial performance ties in with excellence in marketing as TNM has collected two awards at this year’s Chartered Institute of Marketers (CIM) annual awards, the second consecutive year for the operator to be decorated by CIM.

In a trading update released in line with Malawi Stock Exchange requirements, TNM notes however that the final profit could be hit by current depreciation of the Malawi kwacha.

The local unit has depreciated from K350 in September to around K550 against the benchmark US dollar, triggering commodity price increases and demands for salary increases in both public and private sector. Analysts expect this to affect most company’s performance in the March 2015 financial reporting season.

“TNM further wishes to advise that any significant movement of the Malawi kwacha exchange rate against other major currencies during the month of December 2014 could have an impact on the final results,” reads the update.

TNM is basking in the glory of scooping  two top awards at this year’s Chartered Institute of Marketers (CIM)-Malawi Chapter Marketing Excellence Awards. TNM won ‘the Life Changing Brand’ and the ‘Marketing Campaign of the year’ award categories to cap yet another successful year of its market share penetration and leadership efforts.

A marketing analyst said sweeping of the awards was a result of team work between TNM’s Marketing department, their executive management team and the company’s media agency, FD Communications Ltd.

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13 thoughts on “TNM sees profit jumping 90% –Malawi Stock Exchange”

  1. Cashgate 1 says:

    lower down your tariffs and let your clients enjoy their airtime too! osamangotibela apa. Why such abnormal profits?

  2. Sinthani says:

    Mbava zachabe chabe! You provide customers expensive and below standard services. TNM and its sister Airtel are the most incompetent and expensive networks in the Southern region. Deny this! The government must institute investigations on MACRA why better network providers from the region do not win the award for operating licenses at those companies that fail to open their businesses!

  3. Keen Follower says:

    What does this mean ? 90% reduce your rates!!!!!!!!!!!!!!!!!!

  4. Chindazi says:

    Mumatibela,,,, especially ukakongola ma units sachedwa kutha????????

  5. Pacharo says:

    Ungónoungóno on the move.

  6. golo says:

    TNM why cant you bring better gadgets at competitive rates like your friends of Airtel?

  7. Mr.Bambo says:

    Koma mumatibera ma dividend,kumpatsa munthu oti ali ndi ma thousands of shares ka K250 basi.Shame.

  8. GRM says:

    TNM is the lesser devil. Now if the lesser devil can squeeze 90% profit out of Malawians what about the LUCIFER incarnate?

  9. mbuya says:

    Pure theft! Not surprised. The rates are just too high……the highest in southern afric

  10. gribeta says:

    mayi muli ndi mwendo wabwino bwanji??? usamaleni umenewu

  11. Obsever says:

    Kunyadira profit yobera anthu basi. Improve your poorest network with the money!!!

  12. koma mukonze makina anu phone zanu kuchuluka kusamvana tikamaimbirana

  13. TheWun says:

    Good job! But pay your employeee accordingly. They are some of the worst paid individuals in private sector.

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