COMMUNICATIONS Fiji Limited has estimated a 182 per cent hike in its profits after tax to $2.47million.
The company this week released its 2011 financial report during a stakeholder briefing with the South Pacific Stock Exchange.
For the year ending December 31, 2011, CFL raked in $876,558 of profit after tax.
The company said 2011 was a busy year with profits recorded for all centres. Radio advertising grew by about 5 per cent.
While the company trimmed its expenditure, the reorganisation of Fiji's frequencies last year cost about $0.5m.
However, the company was still able to record a 28.49 per cent profit.
The company's Papua New Guinea subsidiaries continued to perform strongly with a 38 per cent growth in radio advertising.