After five consecutive years of losses Telecom Fiji Limited has announced a $18.49 million profit for the financial year ending 31st March 2015.
TFL CEO Mothilal De Silva says the Board is excited to declare a dividend of $5m which will be paid to Amalgamated Telecom Holdings Limited which is a 100% shareholder of Telecom Fiji.
De Silva revealed that the company recorded its core operational revenue growth of $2.85 million through its marketing initiatives.
He says the company continued to closely monitor its service delivery functions and performance.
De Silva says they have rationalized costs in the areas of power, annual maintenance, license and space together with company delivery services which has improved tremendously in the 12 months which led to customer satisfaction and revenue growth.
He reiterated that the improvements in business performance have been stimulated by more efficient utilisation of existing resources within the company.
