ZB ZB
Live now
Start time
Playing for
End time
Listen live
Listen to NAME OF STATION
Up next
Listen live on
ZB

Profits flat for Chorus

Author
Newstalk ZB Staff ,
Publish Date
Mon, 29 Aug 2016, 10:01AM
A flat result for telecommunications network operator Chorus (Edward Swift)
A flat result for telecommunications network operator Chorus (Edward Swift)

Profits flat for Chorus

Author
Newstalk ZB Staff ,
Publish Date
Mon, 29 Aug 2016, 10:01AM

A flat result for telecommunications network operator Chorus.

It's profit of $91 million for the 12 months ending June 30 is unchanged from a year earlier.

Chorus blames lower regulated pricing for access to its copper services.

The copper network still represents 73 per cent of Chorus's revenue.

However total fixed-line connections fell over the year from 1.79 million to 1.76 million. while broadband connections rose from 1.21 million to 1.23 million.

Take your Radio, Podcasts and Music with you