Nitl Delivers Remarkable 38% Profit Surge, Powering Malawi’s Economic Growth
Key Business Points
- Investment income increase: National Investment Trust Limited (Nitl) has seen a 40% increase in investment income, driven by good performance of investee companies and share revaluation gains on the Malawi Stock Exchange (MSE).
- Profit jump: Nitl’s profit has jumped by 38% to K29.76 billion, attributed to the strong performance of its equity investments and increased dividend declarations from investee companies.
- Investing culture: The Minority Shareholders Association of Listed Companies is encouraging young people to embrace the investing culture, known as "kujisunga" in Chichewa, to contribute to Malawi’s economic growth and "tsogolo la dziko" (the country’s future).
The National Investment Trust Limited (Nitl), a collective investment scheme listed on the Malawi Stock Exchange (MSE), has reported a significant increase in profit for the year ended December 31, 2024. According to Nitl board chairperson Esther Gondwe, the firm’s profit jumped by 38% to K29.76 billion, up from K21.50 billion in the previous year. This increase is attributed to the good performance of investee companies and a 40% increase in investment income, driven by share revaluation gains on the MSE.
Gondwe noted that most of Nitl’s investments are in equities on the shares market, which has seen positive growth from the investee companies. As a result, the dividend declared by these companies, which forms part of Nitl’s investment income, has also increased. This is a positive trend for investors and a testament to the potential of the Malawian stock market.
The Minority Shareholders Association of Listed Companies has welcomed Nitl’s performance, with youth chairperson Wyness Yotam Jere encouraging young people to join the investing community and contribute to Malawi’s economic growth. Jere emphasized the importance of "kujisunga" (investing) in the country’s future, known as "tsogolo la dziko", and urged young people to take advantage of investment opportunities available on the MSE.
As a licensed investment trust company by the Reserve Bank of Malawi, Nitl provides a vehicle for broad participation in a diverse portfolio of equity investments in Malawi. The company’s strong performance is a confidence booster for investors and a demonstration of the potential for growth and returns in the Malawian market. With its diversified portfolio and experienced management, Nitl is well-positioned to continue delivering value to its investors and contributing to the development of Malawi’s economy.
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