Friday, 22 June 2018

Spark's full-year results show success of rebrand, CEO says

By Mary Lennighan, Total Telecom
Friday 21 August 15

New Zealand operator increases dividend payout on back of EBITDA and free cash flow growth.

Spark on Friday posted full-year results that showed a decline in revenue and net profit, but the telco talked up EBITDA growth and the strength of its year-old brand. The New Zealand operator saw turnover slide by 2.9% to NZ$3.53 billion (€2.09 billion) in the year to the end of June. Net profit fell by 18.5% to NZ$375 million…

Spark on Friday posted full-year results that showed a decline in revenue and net profit, but the telco talked up EBITDA growth and the strength of its year-old brand. The New Zealand operator saw turnover slide by 2.9% to NZ$3.53 billion (€2.09 billion) in the year to the end of June. Net profit fell by 18.5% to NZ$375 million…

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