Shareholders of the National Investment Trust (NITL) have called on the firm to diversify its investments to improve performance.
The call was made during the firm’s 22nd Annual General Meeting in Blantyre.
Presenting the firm’s financial performance during the AGM, Board Chairperson, Esther Gondwe disclosed an 86.04 percent investment asset growth from K24.33 billion to K45.27 billion.
The firm recorded a profit jump from K6 billion in 2022 to K21 billion in 2023.
However, shareholders asked NITL to cast its net beyond financial institutions to diversify its portfolio.
Meanwhile, a K675 million final dividend has been declared for the firm’s shareholders from the total K877.5 million.
By Earlene Chimoyo.
