TNM | 2016 Annual financial report
The Directors of Telekom Networks Malawi Limited have released the Company’s annual report for the year ended 31 December 2016.
Below are extracts from the Chairman’s letter and financial highlights.
BRAND BECOMES COMMUNITY
In my Chairman’s letter last year, I signed off on behalf of TNM as a “Senior Malawian Citizen” because TNM has been around for so long. This year it’s the opposite. I sign off as a vibrant, positive, proud (and I hope not arrogant) youngster, with a strong vision for Malawi. This change is even more poignant because TNM turns 21 this year. Our company may be old in traditional terms, but it is young and ambitious in digital terms.
Integrated thinking now underpins our strategy
Growing and permanent interconnectedness fosters integrated thinking about our activities, strategies, reporting, analysis, and decision-making within Malawi’s overall telecommunications regulatory environment.
The more we get to understand this changing environment, and how to satisfy the needs of a modern Malawian society, the better TNM becomes at ensuring that the “capitals” TNM has are allocated more efficiently, profitably, and sustainably, in terms of our vision, mission, and business plan, as faithfully executed throughout the company.
Our team is excited about the future
The TNM team is a diverse, energetic, and proudly Malawian team that’s excited by opportunities and committed to putting its communities first. They have done a great job in 2016, as evidenced by their dedication and discipline in the management of significant change, and growth through great shifts in customer expectation, behaviour, and market
TNM’s brands have become communities. They have always been with us, just as we will always be with them
On behalf of this refreshed, 21-year-old, ambitious, and proud corporate Malawian citizen, It’s Good to Be Here, with hope, faith, and a strong vision for the future.
Key financial performance indicators:
|Profit after tax||MK’bn||+52%||8.21||5.41|