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ATH announces $36.5m profit for Q3 2015

Amalgamated Telecom Holdings Limited(ATH) and its group of companies have recorded an interim Consolidated Net Profit After Tax and Minority Interest of $36.5m for the third quarter ended 31 December 2015. The results have been achieved primarily as a result of increased earnings and cost savings in the ATH group as well as the results […]

ATH

February 12, 2016 9:19 am

Amalgamated Telecom Holdings Limited(ATH) and its group of companies have recorded an interim Consolidated Net Profit After Tax and Minority Interest of $36.5m for the third quarter ended 31 December 2015.

The results have been achieved primarily as a result of increased earnings and cost savings in the ATH group as well as the results brought on by the acquisition of new companies during the financial year with the inclusion of ATH Kiribati and DATECĀ (Fiji) Limited in the consolidated accounts.

Group revenue recorded and an increase of 14.4% to $269.6m for the period.

Also, ATH is today declaring an interim dividendĀ for its financial year ending 31 March 2016 of 3.0 cents per share or $12.6m.

The interim dividend is based on the ATH groups performance for the six months ended 30th September 2015, in which a provisional and unaudited consolidated net profit after tax and minority interest of $22.6m was recorded.

Payment to ATH’s 1,530 shareholders will be effected on 10th of March 2016.

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