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ATH – Staying On Top Of Game

Technological evolution is changing the world even faster than most of us can keep up with. And in order to stay at the top of their game, telecommunications companies world-over
01 Aug 2016 08:56
ATH – Staying On Top Of Game

Technological evolution is changing the world even faster than most of us can keep up with.

And in order to stay at the top of their game, telecommunications companies world-over have to ensure they stay at the top of their game to remain profitable.

Our own Fijian teleco giant, Amalgamated Telecom Holdings, is surely taking this seriously having delivered another year of excellent results as far as the group’s performance for the year 2015/2016.

As a result, the group achieved increased revenues and achieved higher operating profits attributed to the consolidation and restructure implemented previously.a

As the chairman, Ajith Kodgoda, puts it they are still witnessing organic growth to their top line led by the continuing buoyant demand for data and internet services.

Recent expansionary efforts via the acquisitions of Telecom Services Kiribati Limited, Datec (Fiji) Limited and its subsidiary company, Datec Australia Pty Limited are performing to expectations and also making positive contributions to the group results.

All these were accomplished during another year of tough competition and despite continued challenges in our traditional voice, messaging revenues and legacy revenues.

Mr Kodagoda said: “We believe this demonstrates ATH’s underlying strength and ability to execute.

Tropical Cyclone Winston was one of the most devastating natural disasters to bear down on Fiji and we witnessed the heartbreaking losses of our communities.

The ATH group was not spared either. It suffered widespread outages and disruptions to services throughout much of the country.

Much of the impact was due to damage and loss of telecommunications plant, equipment and other infrastructure.

However, ATH’s core networks remained intact and many services were restored fairly rapidly.

Mr Kodagoda said this was through the impressive efforts of the operational teams in restoring, rebuilding and re-routing services to ensure that the impacts experienced by our customers were minimised.

In addition to this, the free telecommunications services provided by operating companies was a critical component of disaster assessment, restoration and rebuilding efforts for the National Disaster Management Office and other agencies involved.

 

The results

On the backdrop of excellent market performance across all our business segments, Group Revenue grew by 14.6% coming in at $356.2 million for the financial year 2016.

Group Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) grew by 3.4% to $134.5 million, underpinned by the successful implementation of a suite of operational excellence and major cost cutting and restructure initiatives.

Group Net Profit After Tax (NPAT) was recorded at $81.8 million, exhibiting an increase of $9.8 million or 13.69% relative to the previous year, underlining exceptional performance by all group companies.

ATH Group is adamant to not to impede the digital revolution.

Mr Kodagoda said it should also be recognised that the proliferation of OTT services are themselves reliant on robust telecommunications infrastructure, and inclusive broadband connectivity.

“Accordingly, the industry quest is for calibrated and equitable regulation which will achieve a synergistic equilibrium between disruptive innovation and the sustained economic viability of the telecommunications sector,” he said.

“It is encouraging that the Government and its agencies has thus far, as in the past, espoused and facilitated the establishment of a sustainable techno-economic industry framework.”

The group is uniquely placed to leave behind life-enhancing impacts on the communities in which it operates, through paradigm-setting advancements and the inclusive application of its products and services.

“We are confident that the direct and indirect contributions of the ATH Group of Companies to the national economies,” he said.

The future surely looks bright for ATH.

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