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Thursday, June 29, 2006

Amalgamated Telecom Holdings announces a second dividend payment this year

Amalgamated Telecom Holdings (ATH) has announced a second dividend payment this year with a payout of three cents per share after making a profit of F$34.9 million for the financial year to 31 March 2006.

Profits rose from F$24.5 million which was made in the 2005 financial year. The increase was achieved on the bank of a 6.9% increase in sales revenue and a reduction in operating expenses.

The dividend payment is expected to be made after the payout proposal is approved at ATH's AGM in August. The total dividend payment will be F$12.7 million and will bring total dividend payments this year to F$25.3 million.

Note from GV : Individuals and groups that need investment advice can use our company, Gilbert & Samuels Company Limited. Our contacts are : telephone +679 3396427 or e-mail gilbert@connect.com.fj.

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