The rise and fall of Amalgamated Telecom Holdings Limited, Fiji’s giant telco
by Dionisia Tabureguci
There is little doubt that Amalgamated Telecom Holdings Limited (ATH) is one of the biggest companies in Fiji with total assets of over $300 million, six subsidiary companies and annual net profit after tax averaging $45 million in the last five years.
And when it comes to companies listed on the South Pacific Stock Exchange (SPSE), ATH is also massive, sometimes making up over 50 per cent of total market capitalization.
A small movement in its share price for instance can have such a huge impact on the market index that it is not unusual for the index to drop if the day’s trading sees a fall in ATH share price despite a good share price performance by other listed companies.
by Dionisia Tabureguci
There is little doubt that Amalgamated Telecom Holdings Limited (ATH) is one of the biggest companies in Fiji with total assets of over $300 million, six subsidiary companies and annual net profit after tax averaging $45 million in the last five years.
And when it comes to companies listed on the South Pacific Stock Exchange (SPSE), ATH is also massive, sometimes making up over 50 per cent of total market capitalization.
A small movement in its share price for instance can have such a huge impact on the market index that it is not unusual for the index to drop if the day’s trading sees a fall in ATH share price despite a good share price performance by other listed companies.
