A REASON TO IMAGINE
COMPANY REGISTRATION
NUMBER COYR -8LJ13J31011981
TRADING STATEMENT IN RESPECT OF THE PERIOD ENDING
31ST DECEMBER 2023
In compliance with the listing requirements of the Malawi Stock Exchange Limited, a listed company is required to publish a Trading Statement as soon as there is a reasonable degree of certainty that the financial results for the period to be reported upon next will differ by at least 20% from the financial results for the previous corresponding period.
Airtel Malawi plc accordingly advises that the company's profit after tax for the year ending 31st December,2023 is expected to be within the range of MK 1.75 Bn and MK -2.0Bn (Negative) i.e. 95% to 105% less than the profit reported in the previous corresponding period ending 31st December 2022, where the company reported a profit after tax of MK 36.9 Bn. The adverse deviation has arisen from the impact of the foreign exchange loss of approximately MK 50 Bn, because the Malawi Kwacha has lost 66% of its value to the United States Dollar since June 2023 to date.
The information on which the above trading statement is based, has not been reviewed or reported on by our Auditors.
Airtel Malawi plc's results for the year ending 31st December are expected to be published within the time frame as stipulated in the Listing Requirements of the Malawi Stock Exchange Limited following their review and approval by the Board of Directors.
BY ORDER OF THE BOARD
HLUPEKIRE CHALAMBA FCG
COMPANY SECRETARY
Dated this 29th Day of December 2023
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Airtel Malawi PLC published this content on 29 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 December 2023 06:25:38 UTC.