Telekom Networks Malawi (TNM), the country’s second largest mobile operator by subscribers, has issued a trading statement in which it says that annual net profit after tax for 2013 is expected to be over 200% higher than 2012. Under the terms of the listing requirements of the Malawi Stock Exchange, TNM is required to publish a trading update as soon as there is a reasonable degree of certainty that financial results will differ by at least 20% from that of the previous corresponding period. The company, which exceeded the two million mobile subscriber mark in July, said it will publish its financial statements for FY 2013 by March 2014, following their review and approval by the board of directors.
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