Telocom records $18million profit

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Telocom records $18million profit

Update: 6:24PM FINANCIALLY-stricken Telecom Fiji Ltd has made progressive recovery from its past woes, recording a profit of more than $18million for the financial year ending March 31, 2015.

TFL chief executive officer Mothilal De Silva said the turnaround had been achieved after a few years of financial losses.

The company also presented its 100 per cent shareholder, Amalgamated Telecom Holdings Ltd, a dividend of $5m this afternoon.