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...
Finance
NZ banks' credit losses to rise to 12x 2019 level - S&P
Jenny Ruth | Fri, 10 Jul 2020

New Zealand banks' credit losses will rise to about 12 times those in 2019 before easing because of the coronavirus crisis, according to international ratings agency Standard & Poor's. "A contracti...

Infrastructure FREE
Rio Tinto may be open to longer phase-down of Tiwai: Meridian
Jenny Ruth | Fri, 10 Jul 2020

A longer phase-down period for the Tiwai Point aluminium smelter may be possible.

Election 2020
ELECTION 2020: National’s ex-spy trainer Yang to retire
Victoria Young | Fri, 10 Jul 2020

National List MP Jian Yang will quit politics at this year’s election, after serving three terms in Parliament. Yang has been a controversial MP due to his involvement as an academic training Chine...

The role of private equity in the wake of COVID-19

As local covid-19 restrictions ease, a new business cycle is beginning in New Zealand.

Sponsored: What’s next for the future of the office?

Think everyone is going to keep working from home? No so fast, says Milford Asset Management.