SUNBIZ

ATH Posts $18.1 million Interim Half-yearly Profit

The Amalgamated Telecom Holdings Limited (ATH) group recorded an interim and unaudited Consolidated Net Profit After Tax and Minority Interest of $18.1 million. This is for the six months ended
28 Nov 2014 11:00

The Amalgamated Telecom Holdings Limited (ATH) group recorded an interim and unaudited Consolidated Net Profit After Tax and Minority Interest of $18.1 million.

This is for the six months ended September 30.

In comparison, a consolidated net Profit After Tax and Minority Interest of $8.6 million was recorded for the corresponding period the past year.

The result surpassed that reported for the same period the past year as a result of increased earnings and cost savings in many areas of our business.

Total revenues for the group increased by $11.2 million with positive contributions from most revenue streams while overall expenses for the group slightly increased by $576,000.

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