FIJI International Telecommunications Ltd (FINTEL) recorded a profit before tax of $7.6million and profit after tax of $6.3m during the year.
According to the Amalgamated Telecom Holdings annual report 2014, the positive growth was a significant improvement from the loss of $2.6m for the corresponding period last year.
The report was released during ATH's annual general meeting at the Grand Pacific Hotel in Suva yesterday where Ajith Kodagoda was re-elected chairman of the board.
"Global international bandwidth demand, measured in terms of used international capacity, reached 138Tbps (terabytes per second) in 2013.
"This represents a 4.5-fold increase from the 30Tbps of demand used globally in 2009. For the same period, Fiji's international capacity usage on the Southern Cross Cable increased five-fold from 1Gbps (gigabytes per second) in 2009 to 5Gbps in 2013.
"FINTEL continues to provide an efficient network, ensuring operations meet changing customer and market needs, and providing efficient and effective network availability and quality."
Asian Development Bank Pacific Department's Emma Veve said Fiji was one of the earliest connected countries in the Pacific because of it was geographically located close to the cable that connected north America to Australia.
"So it was able to connect to that cable and get the benefit of that connectivity. From ADB's perspective, what we see is critical for the Pacific region is connectivity.
"The Pacific is also at a geographical disadvantage, meaning it's a long way from its markets and the cost of transport has been high.
"Connecting the Pacific more strongly with the rest of the world and neighbouring countries is what we see as a major driver of development in the region."
Source: Geraldine Panapasa - Fiji Times