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ATH Limited Records $30.12Million Profit

Amalgamated Telecom Holdings Limited (ATH) and its group of companies have recorded a consolidated net profit after tax of $30.12 million for their half year ended September 30. This is
24 Nov 2016 11:00
ATH Limited Records $30.12Million Profit
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Amalgamated Telecom Holdings Limited (ATH) and its group of companies have recorded a consolidated net profit after tax of $30.12 million for their half year ended September 30.

This is an increase of 22 per cent compared to $24.66 million recorded for the same period last year.

ATH has attributed the growth to the improved overall performance across companies in the group.

This is including the full result and performance of the two new subsidiaries, ATH Kiribati Limited and Datec (Fiji) Limited.

Sales revenue for the group recorded a significant increase by 15 per cent to $197.2 million.

Vodafone Fiji Limited continues to be the main revenue contributor to the group. Overall total costs for the group closed at $146 million.

The public listed company has also stated that the results are expected to develop further over the next half year.

This is due to the encouraging results for the companies in the group, together with the contributing and ongoing improvements.

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