ATH reports FJD19.8m net loss

21 Feb 2013

Fijian communications group Amalgamated Telecom Holdings Limited (ATH) has posted a net loss after tax and minority interest of FJD19.8 million (USD11.1 million) for its third quarter ended 31 December 2012, compared to a consolidated net profit after tax and minority interest of FJD696,000 for the same period a year earlier. In an announcement through the South Pacific Stock Exchange, ATH said the loss was a result of an impairment of plant and equipment recorded at FJD70 million; the group profit before impairment and income tax was FJD28.7 million. Sales revenue, meanwhile, increased 12% from FJD190.7 million in the three months to end-December 2011 to FJD212.9 million in the corresponding period of 2012. ATH controls a number of local subsidiaries including Telecom Fiji Limited (TFL), Vodafone Fiji, Fiji Directories Limited, Internet Services Fiji Limited (Connect) and Fiji International Telecoms Limited (FINTEL).