ATH records $15.88m profit for first 2018 quarter
23 August, 2018, 5:12 am
FIJIAN communications conglomerate Amalgamated Telecom Holdings (ATH) and its group of companies raked in an impressive $15.88 million net profit after tax in the first quarter of this year.
ATH announced the financial results for the first quarter ending June 30, 2018 which saw a 14 per cent increase in its sales revenue to $128.2m.
The growth figure was compared with the same corresponding period last year.
According to the financial results, the group’s increases were from major revenue streams for the group such as access fees, data network and internet revenue, directory, equipment, and ancillaries and computer hardware, software and technical support services.
The group overall expenses increased by 12.9 per cent.
Meanwhile, ATH will be having its annual general meeting today, beginning at 9.00 am at the Holiday Inn Suva.
The ATH Group of Companies comprises ATH, Telecom Fiji Ltd, Vodafone Fiji Ltd, FINTEL, Fiji Directories Ltd, ATH Kiribati Ltd, Telecom Vanuatu Ltd and Datec (Fiji) Ltd and its subsidiary, Datec Australia Pty Ltd.