Sunbird Tourism Plc has issued a trading statement projecting a significant increase in profit after tax for the year ending 31st December 2024. The company expects profits to range between MWK 10.7 billion and MWK 11.8 billion, marking an impressive growth of 102% to 122% compared to the MWK 5.3 billion reported for the corresponding period in 2023.
Key Highlights
- Expected Profit After Tax: MWK 10.7 billion to MWK 11.8 billion.
- Growth: 102% to 122% year-on-year.
- FY2023 Profit After Tax: MWK 5.3 billion.
This growth reflects Sunbird Tourism’s resilience and ability to navigate economic challenges while delivering exceptional value to shareholders. The increase is attributed to improved operational efficiencies and strategic positioning in Malawi’s hospitality sector.
