FDH Bank’s paradox: profits up, stock down
<p>A near-12% slide in FDH Bank’s share price has erased almost $100m from the paper wealth of Thom Mpinganjira, the bank’s founder and one of Malawi’s best-known financiers. His indirect stake, still worth some $760m, fell by MWK170.85bn ($98.41m) after the stock dropped 11.46% on the Malawi Stock Exchange. What makes the fall notable is […]</p> The post <a href="https://www.nyasatimes.com/fdh-banks-paradox-profits-up-stock-down/">FDH Bank’s paradox: profits up, stock down</a> appeared first on <a href="https://www.nyasatimes.com">Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times</a>.
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