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One NZ tightens belts in preparation for year ahead

Author
Newstalk ZB,
Publish Date
Wed, 22 May 2024, 10:21am
One NZ CEO Jason Paris. Photo / Dean Purcell
One NZ CEO Jason Paris. Photo / Dean Purcell

One NZ tightens belts in preparation for year ahead

Author
Newstalk ZB,
Publish Date
Wed, 22 May 2024, 10:21am

One NZ’s earnings are up, but it’s outlook for 2025 isn't as positive. 

The teleco’s operating earnings jumped 13% to $600 million in the year to March 31st, 2024. 

However, they’ve predicted flat earnings for 2025, somewhere between $580 million and $620 million. 

One NZ CEO Jason Paris told Mike Hosking that they’re calling it flat for next year as they think the economy will continue to be a bit challenging. 

He said they’re lucky that they’re an essential service, but they will be tightening their own belts and ensuring they’re running as efficiently as possible to mitigate the impact of any future economic strain. 

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