ATH reports FJD2m rise in half-yearly profits, despite FJD25m revenue dip

2 Dec 2020

Fiji-based Amalgamated Telecom Holdings (ATH) – comprising Telecom Fiji Limited (TLF), Vodafone Fiji, Fiji Directories, ATH Kiribati, Telecom Vanuatu and Datec (Fiji and Australia), the Bluesky Group and Digitec Communications – has reported a 7% fall in revenues for the six months ended 30 September 2020 to FJD314.40 million (USD153 million), compared to FJD339.48 million in the corresponding period a year ago. In a filing to the South Pacific Stock Exchange (SPX), ATH attributed the drop to the impact of the COVID-19 pandemic which resulted in ‘a considerable slowdown in certain aspects of the Group’s operation’. Pre-tax profits slumped 29% year-on-year to FJD44.17 million for the six-month period under review, it said, although net profit attributable to shareholders rose 7% on an annualised basis to FJD28.04 million from FJD26.18 million previously.

Fiji, Amalgamated Telecom Holdings (ATH)