Telekom Networks Malawi Limited announced unaudited earnings results for the six months ended June 30, 2014. For the period, the company reported total revenue of MWK 17,522 million against MWK 11,397 million a year ago. Earnings before interest tax, depreciation and amortization were MWK 6,032 million against MWK 3,703 million a year ago.

Results from operating activities were MWK 4,075,000 against MWK 2,282,000 a year ago. Profit for the period was MWK 1,840 million against MWK 558 million a year ago. Basic earnings per share were MWK 0.18 against MWK 0.06 a year ago.

Cash flow from operating activities was MWK 3,743 million against MWK 1,044 million a year ago. Purchase of property, plant and equipment was MWK 5,438 million against MWK 1,703 million a year ago. Purchase of software was MWK 278 million.

The actions taken to improve the revenue and reduce expenditure produced positive results and the EBITDA and operating profit increased significantly.