Nitl cherishes annual performance, profit up 38%

Nitl Delivers Remarkable 38% Profit Surge, Powering Malawi's Economic Growth - Business Malawi

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 […] The post Nitl Delivers Remarkable 38% Profit Surge, Powering Malawi’s Economic Growth appeared first on Business Malawi.

Nitl cherishes annual performance, profit up 38%

National Investment Trust Limited (Nitl), a Malawi Stock Exchange (MSE)-listed collective investment scheme, has attributed its 38 percent profit jump in the year ended December 31 2024 to good performance of investee companies. Speaking during an annual general meeting in Blantyre on Friday, Nitl board chairperson Esther Gondwe said the firm’s profit jumped to K29.76 billion from the previous year’s K21.50 billion. She said Nitl’s investment in…