AMALGAMATED Telecom Holdings acting chief executive, Ivan Fong has not ruled out redundancies within some subsidiaries as the group moves towards improving profitability.
At a stakeholder briefing yesterday, Mr Fong said the personnel costs and overheads of some subsidiaries were very high.
The ATH group is majority owned by the Fiji National Provident Fund and the government.
In its annual report released last month, the group announced an improvement in profit from $4.1m in the 2011 financial year to $18.3m in the 2012 financial year.
One of its subsidiaries, Telecom Fiji Limited, which was under scrutiny at the group's annual general meeting last month had recorded losses in the past three years.
Mr Fong said the $11.9m loss recorded by the company was the result of depreciation and amortisation, taxes and personnel and operating expenses.
However, he emphasised that the company had strong cashflow.
In the first quarter of the 2013 financial year, the ATH group has recorded a profit after tax of $7million.
Mr Fong said this was a 38.4 per cent improvement when compared with the corresponding period in the 2012 financial year.
ATH, he added, would focus on companies that recorded declining profitability in the 2012 year, arresting the declines and providing stability.
Mr Fong said the group would continue its restructure and realignment of subsidiaries.