$19.8 million loss for ATH

CAPTION: Telecom Fiji senior technician Maciu Jitoko works on a maintenance line in Suva. Photo: FIJI TIMES.

Amalgamated Telecom Holdings Limited (ATH) and its group companies have recorded an interim and audited Consolidated Net Loss After Tax and Minority Interest of $19.8 million for their third quarter ended 31 December 2012 as compared to the Consolidated Net Profit After Tax and Minority Interest of $696,000 for the corresponding period last year.

The significant loss recorded for the three quarters is the result of an Impairment of Plant and Equipment recorded at $70 million. The impact of this impairment will only affect ATH Group results for the current financial period.

The group profit before impairment and income tax was $28.7 million.

Sales revenue increased by 12% compared to the same period last year, and operating expenses increased by 8%.

Operating net cash flow for the group remains strong at $69.9 million, an increase of $42.7 million.


scroll to top