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Malawi, Blantyre
Chayamba Building
Victoria Avenue

PO Box 1227
Blantyre, Malawi
Central Africa
Phone: +265 (0)1 833 569
FAX:    +265 (0)1 833 318

companysec@presscorp.com


News

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Topic name: News

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PCL Financial Statement for Year Ended DEC 2008
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News RESULTS FOR THE YEAR E NDED 31 DECEMBER 2008

The board is pleased to report a consolidated profit after tax of MK4,960 million (2007: MK3,425 million) for the year ended 31 December 2008. This represents a 45% increase over profits attained last year. Net profit attributable to ordinary shareholders was K3,140 million (2007: MK1,708), an increase of 83.8% above prior year's achievement.

Please click on the link below to view the full financial year end statement:


PCL Financial Statement for Year Ended DEC 2008
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Corporate Social Responsibility-Communication on Progress (COP) under the United Nations Global Compact
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News

PCL continues to support the ten universal principles of the United Nations Global Compact (UNGC). The Company has made significant strides particularly in the area of anti-corruption between March 2008 to March 2009 in its efforts to integrate the core values of the UNGC in its operations. We are embracing corporate social responsibility to a point where it is becoming a philosophy that should permeate all our working lives.

In order to ensure that there are consistently high standards in the way we manage our operations, we are aiming to implement certified management systems such as certification of several employees across the group as Ethics Officers by the Ethics Institute of South Africa.

We have attempted where possible, to use the Relevant Global Reporting Initiative (GRI) indicators in describing the outcomes of actions taken in 2008 and progress achieved in regard to the various principles. This Communication On Progress (COP) represents a reasonable and balanced presentation of our company’s performance in relation to the various principles of the UNGC.
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Trading Update In Respect Of The Year Ending 31st December 2008
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News Press Corporation Limited’s audited results for the year ending 31st December 2008 will be released in April 2009.

During the nine months to September 2008 the Press Group has registered strong performance particularly in the banking, retail and distribution and beverages sectors. The cellular company continues to register robust performance although the fixed line company still has some hurdles to surmount.
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Press Release - EXTENSION IN THE TRADING OF LETTERS OF ALLOCATIONS AND CLOSURE OF THE RIGHTS OFFER
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News Shareholders are referred to the various press announcements relating to the Press Corporation fully underwritten, renounceable rights offer of 10,021,318 ordinary shares at a subscription price of MK209.00 per share, one of which indicated that there was a slight delay in the printing and dispatch of the Circular together with Nil Paid Letters of Allocations due to some unforeseen technical reasons which resulted in slight delays in receipt of the Circulars and Letters of Allocation sent out by the Transfer Secretaries
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