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| Appointment of Dr. Ronald Mangani as Chief Executive Officer |  |  |  |
| PCL says share price gain signifies confidence | | | |
Press Corporation plc has attributed the high share price gain on the Malawi Stock Exchange (MSE) to enhanced market confidence in the PCL brand and its leadership. Press Corporation Plc share price has gained by 14 percent within six months from March to September triumphing as the biggest share price gainer in the period among 16 counters on the local bourse. According to daily trading reports from the local stock market, in March this year, an ordinary PCL share was trading at K1900 and grew to K2181.41 by October 5 this year. | | Read more... |
| | PCL H1 profit up 24% to K15.9 bn | | | |
Conglomerate Press Corporation plc has registered a 24% profit after tax for the first half of the year despite operating in a challenging environment with severe foreign exchange scarcity and effects of the Covid-19 pandemic. In a statement announcing the half year financial results ending 30 June 2022, Press Corporation plc said it has recorded a profit of K15.98 billion, up from K12.87 billion recorded at the same time the previous year representing 24% growth. The statement signed by Press Corporation plc Board Chairman Randson Mwadiwa, Board Director Bettey Mahuka, Chief Finance and Administration Executive Moureen Mbeye and Acting Chief Executive Officer Lyton Chithambo also said the Board of Directors of the company resolved to pay an interim dividend amounting to K841.79 million (2021: K721.20 million) representing K7.00 per share (2021: K6.00 per share). | | Read more... |
| Trading Statement in Respect of The Half Year Ending 30 June 2022 | | | |
In terms of the Listings Requirements of the Malawi Stock Exchange, 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 that of the previous
corresponding period. Based on the information that has been availed recently (was not available previously) specifically with regards to divesture of its investment in the consumer segment, Press Corporation Plc accordingly advises that profit after tax for the half year ending 30th June 2022 is expected to be higher than the previous corresponding period by more than 20%. Press Corporation Plc’s financial statements for the period will be published in the press in September 2022. BY ORDER OF THE BOARD
MOUREEN MBEYE
COMPANY SECRETARY Dated this 29th day of August, 2022 |
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