Election challenges dampen PCL profit – The Nation Online

Election challenges dampen PCL profit – The Nation Online: Dual-listed conglomerate Press Corporation plc has posted a 52 percent drop in first half profit after-tax to K11.1 billion from last year’s K23 billion largely due to pre and post-election challenges.

In the summary of unaudited financial results for the period ended June 30 2019 published on Monday, PCL said as a result of the “challenges and uncertainties in the business environment posed by a general election year” and the aftermath, the group did not reach its full potential and registered an eight percent revenue growth.

Grand Business Park creates jobs for youths – The Nation Online

Grand Business Park creates jobs for youths – The Nation Online: The Grand Business Park, which is under construction in Lilongwe, has created job opportunities for the youth, including graduates from community technical colleges, Minister of Lands, Housing and Urban Development has said.

Press Corporation Limited set for growth | The Times Group

Press Corporation Limited set for growth | The Times Group: hairperson of Malawi Stock Exchange-listed Press Corporation Limited (PCL), Patrick Khembo, has said the conglomerate has set a good platform for growth and is bound to grow in 2019 if conditions are favourable.

This came out at the company’s annual general meeting (AGM) held Thursday in Blantyre, where some minority shareholders expressed worry over the performance of the company.

Press Corporation Limited sees 50% profit jump in H1 | The Times Group

Press Corporation Limited sees 50% profit jump in H1 | The Times Group: TAONGA SABOLA:

Conglomerate Press Corporation Limited (PCL) has said it expects its profit for the first six months of the year to be 50 percent above the corresponding period last year.

In the first half of last year, PCL recorded a pretax profit of K14.23 billion, up from K13.89 billion in 2016.

A 50 percent jump could see the firm’s profit before tax hitting K21.34 billion in the first half of 2018.

In a trading statement for the half year ended June 30 2018, released on Tuesday, PCL Company Secretary, Bernard Ndau, said the information on which statement is based has not been reviewed or reported on by the firm’s auditors.

Press Corporation Limited sees 50% profit jump in H1 | The Times Group

Press Corporation Limited sees 50% profit jump in H1 | The Times Group: Press Corporation Limited sees 50% profit jump in H1 Posted By: Tom Sangalaon: July 11, 2018In: BusinessNo Comments TAONGA SABOLA: Conglomerate Press Corporation Limited (PCL) has said it expects its profit for the first six months of the year to be 50 percent above the corresponding period last year. In the first half of last year, PCL recorded a pretax profit of K14.23 billion, up from K13.89 billion in 2016. A 50 percent jump could see the firm’s profit before tax hitting K21.34 billion in the first half of 2018.

Sunbird shareholders want government out | The Times Group

Sunbird shareholders want government out | The Times Group: Sunbird shareholders want government out
Posted By: William Kumwembeon: June 18, 2018In: BusinessNo Comments
Minority shareholders for Malawi Stock Exchange (MSE)-listed hospitality chain, Sunbird Hotels plc, have reiterated the need for immediate recapitalisation of the business and have the government offload most of its shares.

This was the general outcry at the firm’s 30th annual general meeting (AGM) in Blantyre on Friday.

The shareholders are desperate to see the government, which holds 71 percent stakes in the hotel through a holding company, MDC, have its hands off the business.

They [shareholders] insist that doing so would help improve the business’ stand in the wake of stiff competition on the market.

CHEERS FOR THE BEERS - The Express

CHEERS FOR THE BEERS - The Express: "MALAWI’s largest conglomerate, Press Corporation PLC posted a massive 159 percent increase in its group profit in the past financial year, largely from a partial sale of its sales in Carlsberg Breweries to Castel Internationalle.

The deal with the company, now called Castel Malawi, reduced to 20 percent PCL’s shares in Carlsberg Malawi from 39.65 percent."



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Firms project higher profits | The Times Group

Firms project higher profits | The Times Group:



Most companies registered on the Malawi Stoc k Exchange (MSE) are expecting to grow their

profits for the period ended December 2017, largely riding on the back of improvements in key

microeconomic indicators.

Some of the listed companies have forecast a jump in profits beyond 100 percent.

In its trading statement for the reporting period ending December 31 2017, Nico Holdings PLC has

forecast profits to be 180 percent higher than the previous year ended December 31 2016.

National Investment Trust PLC and Mpico PLC are expecting a profit jump of more than 100





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Business performance improves in 2017—MCCCI - The Nation Online

Business performance improves in 2017—MCCCI - The Nation Online:

Despite persistent power blackouts, business performance in 2017 slightly improved compared 
to 2016, a 2017 Malawi Business Climate survey report has shown. 
Malawi Business Climate survey is a flagship report of the Malawi Confederation of Chambers of 


Commerce and Industrv (MCCCI). 

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