TNM Plc, Malawi’s pioneering mobile telecoms operator expects to turn around its fortunes after recording strong performance in the first and second quarter of 2023, its Chief Financial Officer, Peter Kadzitche has projected.
While acknowledging 2022 as an extremely difficult year for the company due to macro-economic factors, Kadzitche says the forecast for 2023 looks much better.
“We are seeing strong growth in revenues. There are also many positive indicators in key business segments, especially mobile money, voice [GSM], and data,” he said.
The Chief Finance Officer said some of the positives include a return to 2017 profitability levels for most segments of the business.
“Based on the unaudited trading performance seen between March and May, we are confident of better profitability prospects by the end of…
