Chorus profit rings true with analysts

| Business News | Monday August 27 2012 14:07

Chorus' maiden profit is ringing true with analysts.

The telecommunications infrastructure company has made a net profit of just over a million dollars in the seven months since it split from Telecom.

It says there are early signs of a demand for high speed fibre.

The company's paying a dividend of 14.6 cents per share rising to 25.5 cents per share for the next year.

Arie Dekker from ABN Amro Craigs says that's better than the market was expecting.

Photo: stock.xchng

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