NEWS

ATH Group Posts 42% Increase In First Quarter Profits

Amalgamated Telecom Holdings Limited and its group of companies have posted a significant 42 per cent increase in its net profits for the first quarter ended June 30, 2016. It
25 Aug 2016 10:03
ATH Group Posts 42% Increase In First Quarter Profits
ATH

Amalgamated Telecom Holdings Limited and its group of companies have posted a significant 42 per cent increase in its net profits for the first quarter ended June 30, 2016.

It recorded an interim and unaudited consolidated Net profit After Tax and Minority Interest of $16.2 million for their first quarter.

The group consolidated sales revenue for the first quarter grew by 21 per cent to $98.6 million as compared to what was achieved for the same year.

The increases were from the main revenue streams for the group such as access fees, call revenue, data network and internet revenue and equipment and ancillaries.

Group overall expenses, alternatively increased by 16 per cent.

The performance of subsidiary companies for this first quarter was encouraging that attributed to the favourable results for the group.

 



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