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ATH Posts $11.4m Quarterly Profit, AGM Today

Amalgamated Telecom Holdings Limited and its group of companies recorded an interim and unaudited consolidated Net profit After Tax and Minority Interest of $11.4 million for their first quarter ended
26 Aug 2015 09:42
ATH Posts $11.4m Quarterly Profit, AGM Today

Amalgamated Telecom Holdings Limited and its group of companies recorded an interim and unaudited consolidated Net profit After Tax and Minority Interest of $11.4 million for their first quarter ended June 30.

This was an increase of 27 per cent compared to the consolidated Net Profit After Tax and Minority Interest of $8.9 million recorded for the corresponding period the past year. The group consolidated sales revenue for the first quarter increased by 12 per cent to $81.7 million with what was achieved for the same period the past year.

The increases were from call revenue, directory revenue, equipment and ancillaries and other sales and service.

However, the group’s overall expenses increased by 28 per cent or $13.7 million.

The increases were from depreciation, amortisation, direct cost and marketing and promotion and were partially offset by decreases in personnel cost, operating expenses and finance cost.

Following the acquisition of new companies early this year, ATH has for the first time consolidated accounts of its new subsidiaries, ATH Kiribati Limited and Datec (Fiji) Limited.

ATH will have its annual general meeting at the Holiday Inn Suva today at 9.30am.

Feedback: rachnal@fijisun.com.fj

 

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