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ATH Posts $36.5m Quarterly Profit

The Amalgamated Telecom Holdings Group recorded an interim and unaudited Consolidated Net Profit After Tax and Minority Interest of $36.5 million for the third quarter of year ended December 31,
13 Feb 2016 08:56
ATH Posts $36.5m Quarterly Profit

The Amalgamated Telecom Holdings Group recorded an interim and unaudited Consolidated Net Profit After Tax and Minority Interest of $36.5 million for the third quarter of year ended December 31, 2015.

This represented a 26.7 per cent growth over the consolidated Net Profit After Tax and Minority Interest of $28.8 million for the corresponding period the previous year.

ATH, in a statement from the South Pacific Stock Exchange, said the results have been achieved largely as a result of increased earnings and cost savings in the ATH group.

It is also attributed to the results brought on by the acquisition of new companies during the financial year with the inclusion of ATH Kiribati Limited and Datec (Fiji) Limited in the consolidated accounts.

Group revenue recorded an increase of 14.4 per cent to $269.6 million for the period.

 

Interim dividend

In addition, ATH declared an interim dividend for its financial year ending March 31, 2016 of 3.0 cents per share or $12.6 million.

The interim dividend in based on the ATH Group’s performance for the six months ended September 30, 2015, in which an interim, unaudited consolidated net profit after tax and minority interest of $22.6 million was recorded.

Payment to ATH’s 1530 shareholders will be effected on March 10.


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