FDH Bank plc has introduced that it expects its revenue for the 12 months ending December 31, 2024, to develop to between K59.2 billion and K62.5 billion.

This represents a 66 p.c and 75 p.c improve from the K35.6 billion reported within the earlier interval final 12 months.

According to the assertion launched by the Company Secretary Juliano Kanyongolo, the abstract consolidated and separate monetary statements of the Bank for the 12 months ending December 31^st, 2024 can be revealed later.

“In terms of the Listing 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 statements for the period to be reported upon will differ at least 20% from that of the previous corresponding period,” mentioned Kanyongolo.

Kanyongolo additional mentioned the data on which the Trading Statement relies has not been reviewed and reported on by its exterior auditors of FDH plc.

Earlier this 12 months, the Malawi Stock Exchange-listed Bank introduced a considerable profit-after-tax improve by 55 p.c from K22.932 billion to K35.467 billion final 12 months.