ATH Group improves first quarter performance

Amalgamated Telecom Holdings Limited (ATH) and its group companies have improved their performance in the first quarter of this year compared to the previous year.
The telecommunications giant reported an interim and unaudited consolidated Net Profit After tax and Minority Interest of $8.9 million for their first quarter ended June 30, 2014.
This is compared to $5 million for the corresponding period the previous year.
ATH general manager, Ivan Fong, in a statement said the result surpassed that reported for the same period last year largely because of increased earnings from subsidiary companies.
Total revenues for the group increased by $7.1 million mostly from data network and internet revenue while the overall expenses increased by $2.8 million.
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