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Thursday, June 28, 2007

Amalgamated Telecom Holdings makes a profit

Amalgamated Telecom Holdings Limited (ATH) has made a profit after tax of F$41.5 million for its financial year ended 31 March 2007 - an increase of 18.9% over the profit of F$34.9 million recorded for the preceding financial year.

ATH said the result was achieved despite lower prices imposed on the telecommunications industry by the Commerce Commission in October 2005. The Group was still able to come through that challenge through efficiency gains and astute marketing.

The Group says that it is well placed now to develop and get its business ready for the upcoming deregulation of the industry.

The ATH Group is made up of Telecom Fiji Limited, Vodafone Fiji Limited, Fiji Directories Limited, Connect Fiji Limited, Transtel Limited and Xceed Pasifika Limited.

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