2degrees posts reduced loss of $33.6 mln, will launch UFB bundled offer soon

Tue, 26 May 2015

By Fiona Rotherham May 26 (BusinessDesk) - Two Degrees Mobile, the country's newest mobile phone operator, is still burning cash but has once again reduced its financial losses, recording a $33.6 million net loss for calendar 2014, down 6.7 percent on the $35.9 million loss the previous year. Revenue grew 29 percent during the year to just under $400 million, mainly driven by growth in postpay customers and handset sales.  Despite a hefty rise in the cost of sales from $72.9 million to $119.5 million, there was a 12 percent reduction in g...

Use the information you’ve already given Google to create your subscription.

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Markets
MARKET CLOSE: Shares bounce on big banks boost
Dan Brunskill | Fri, 25 Sep 2020

Financial stocks led the market higher as the Australian government rolls back responsible lending rules. 

Election 2020
Jones' last precious PGF drops
Brent Melville | Fri, 25 Sep 2020

Reefton Distilling Co gets $1 million from the Provincial Growth Fund as minister Shane Jones squeezes the last few drops from the vehicle before the election. 

Listed Companies
Air NZ signals June 2021 capital raising
Victoria Young | Fri, 25 Sep 2020

Air NZ has already started drawing down from $900 million government loan facility.

Partner Content
The whole story behind good investment decisions

If there was ever a time when strong financial metrics were the single trademark of a good company, that time has long passed. Responsible investors need to know beyond the profit a company will generate this year or next.

Sponsored
Canon Business: Premium solutions for Commercial Bay

Precinct Properties is the largest owner and developer of premium inner-city business space in Auckland and Wellington, its latest flagship success is the transformational Commercial Bay on Auckland's waterfront. Canon knew that for such a high-calibre client, only a premium bespoke purpose-built solution would suffice when it came to providing market-leading print, mail and courier services to over 10,000 tenants in the development.