Airtel Malawi Plc has reaffirmed its dedication to delivering worth to its shareholders and prospects, regardless of revising its 2023 monetary outcomes to mirror a K15 billion loss after tax.

At the corporate’s twenty fifth Annual General Meeting (AGM) in Lilongwe, Acting Chairperson for the AGM Mark Mikwamba assured stakeholders of Airtel Malawi’s sturdy progress prospects and transparency.

“Airtel Malawi remains committed to delivering value to its shareholders and customers, continuing its journey of innovation and excellence in the telecommunications industry,” stated Mikwamba, who can also be Board Director for Airtel Malawi Plc.

The AGM addressed issues raised by minority shareholders and reaffirmed the corporate’s dedication to transparency.

Airtel Malawi revised its 2023 monetary outcomes following a evaluation of accounting therapies for US-dollar listed tower lease contracts.

The revised statements, launched in August 2024, confirmed a K15 billion loss after tax.

However, the corporate not too long ago introduced a K21.3 billion revenue after tax for the half-year ended June 2024, representing 16.7% progress in comparison with the earlier yr.

The AGM marked the ultimate assembly for Managing Director Charles Kamoto, who has pushed the corporate’s progress since becoming a member of in 2014.

Kamoto’s management has maintained Airtel Malawi’s place as a market chief within the cellular telecommunications sector.