TNM’s profits jumps with 72%: Pockets K4.75billion after tax profits

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Malawian mobile network provider Telekom Networks Malawi (TNM) has amassed K4.75 billion in profits in six months despite Malawians complaining of poor services.

Inside a TNM shop

This has been revealed in a financial summary for the past six months released by the company.

The report comes at a time when Malawians are still complaining of
poor services and high costs of data and calls.

TNM says in the summary that it has been successful with initiatives to improve revenue streams and manage costs in the first half of 2017 despite facing challenges during the period.

“Net profit after taxation increased by 72 percent to MK4,750 million for the half year beating MK2,766 million [amassed in] the same period last year,” reads the statement.

The local brand network provider also says in the statement that it has made some improvements to its service delivery by mainly investing in 4G technology.

“TNM invested in capital expenditure of MK12,332 million in the first half of 2017 (June 2016: MK 3, 814 million) which mainly consists of 4G mobile technology, Lilongwe and Blantyre quality improvement sites and Northern region coverage sites.

“4G technology positions the company as a leading ICT provider employing leading edge technology to offer services beyond traditional GSM mobile telephony,” reads the statement.

Meanwhile, the company says it expects the challenging business environment to persist in the second half of 2017 although it is optimistic the environment will be marginally better than the previous year.

TNM has also said it will continue to implement cost management initiatives and strategies aimed at expansion and diversification of its revenue base.

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49 Comments

  1. The company is making alot of money but their services are very poor, u must look on that one, the access of internet in tnm is cheap but its services are poor, poor internet network, atleast u must improve on that!

  2. TNM sipanga za network ya 4n yokha,nanga mpamba,wifi,2G,3G&4G,the network it provides for Banks,radio stations& security companies angooyenera kuiphura basi

    • This is true…TNM is providing VPN network to banks like NB, NBS, FDH and FMB making such profit sizodabwisa….in additional this company bought burco which had alot of cooperate customers. These customers are with TNM now

  3. Vuto ndi Maccra,ndi udindo wawo umenewu kupanga monitor.Koma amangoti ndwii,after kulandira ma banzi.Kumangokhra mmipando yozungulira ija mma office mu,mu dzina la bwana.Nkuona tiri osaika,osamuda MULUNGU abale angayi.Ntokhatokha kulizana basi

  4. Ena ma bank.Hiw can they make in excess of 20billion ad if its aid from Britain,Japan,Germany combined?Something is wrong pena pake.Companies are closing down because they cant borrow to expand their businesses or service existing loans.Yet wina wake akuchaja interest ngati katapira.Boma lili chete!!!

  5. Tnm is so expensive in Luchenza Thyolo most of the time u wil find it 30% discount the whole day dats y tnm amassed such huge profits

  6. ine ngati nthumwi ya tnm ndafuna kukudziwitsani kuti tikukambiranaso zochotsa YANGA ndicholinga chakuti tizipeza mawini okwanira(100%) ndiye mukaona kuti maunits akungotha pakanthawi kochepa osadabwa, zikomo kwambiri chifukwa mumakhala nafe nthawi zonse, tnm network yanuyanu amalawi.

  7. Ndikubwela ine kuzangoyelekeza kundibela ndisazakumane ndi ogwila ntchito aliyense waku tnm ndeu yazaoneni ija izizakhalapo muzayelekeze kundibela tizaona

  8. The services are still poor, we can’t access internet in time because of your poor internet connections. Now you are proud that u have made a lot of profits yet we are suffering coz of high tarrifs and poor services you are providing. …. Shame

  9. Kuba Too Much Awa! Am Not Surprised! Mpikisano Anasiya Kalekaaale! Ma Charges Okwera Kwambiri! Yanga 99% Inatha Kalekaaale! Loyalty Bonus Anachosa Kalekaaale! Kuba Basi!

  10. Nkuleka kupeza ndalama zonsezo kuba mukutibera kuja kugula ma units a 500 kungoti halo mwadzuka bwanji mayuni atha…customer care kuimba kuyamba kero mpaka week yamawa kuti udandaule. Mmalawi NDE ndi obereka bwino zedi

  11. Ma profit onseo koma osatichepeserako ma tariff? Mwakweza ma tariff just recently mumafuna kupanga maximise profit? Tizaona ngati muzakalowe nazo mmanda ma shareholder nu.

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