The ATH group of subsidiary companies recorded mixed profit results for the year ending 31st March 2010.
In its Annual Report for 2010, Chairman Taito Waqa revealed that while Telecom Fiji registered a net loss of $6.7 million, Vodafone Fiji Limited turned in a profit of $22 million, 42.4% less than in 2009.
Fiji Directories achieved a $1.1 million profit, up 11.8%, Xceed reported a modest profit while Transtel and Connect made losses.
Waqa said group sales revenue was lower by some 10.4%, and the decline was spread across the subsidiaries with the exception of Fiji Directories.
He added that as always there are extremely conscious of their obligations to shareholders, especially in terms of ATH providing a return on capital invested.
Taito revealed that they will be maintaining their unbroken record of dividend payments, and have proposed a final dividend of two cents per share to be submitted for approval at ATH's annual meeting on the 19th of August.
Story by: Ana Naisoro
ATH Group of companies records mixed performance
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