In terms of the listings requirements of the Malawi Stock Exchange Limited, a listed company is required to publish a trading statement as soon as it is satisfied that a reasonable degree of certainty exists that the financial results for the period to be reported upon next will differ by at least 20% from the financial results for the previous corresponding period.
First Merchant Bank Limited accordingly advises that its forecast profit attributable to shareholders for the financial year ending 31 December 2016 is expected to be at least 40% higher than achieved for the financial year ended 31 December 2015. The information on which this trading statement is based has not been reviewed or reported on by the Company’s external auditors.
The summary consolidated and separate financial statements of the company for the financial year ending 31 December 2016 are expected to be published in the press in March 2017.
30 November 2016