Chorus first-half profit falls as depreciation, interests costs mount

Chorus first-half profit falls as depreciation, interests costs mount
Paul McBeth
By Paul McBeth Feb. 25 (BusinessDesk) - Chorus reported a 36 percent decline in first-half profit as it faced rising depreciation costs from the roll-out of its ultrafast broadband network and a heftier interest bill from new debt issued last year.  Still, underlying earnings fell 3.3 percent, in line with analyst expectations, as the network operator kept a lid on its operating costs to match a smaller revenue stream from the older copper-line network, as customers migrate to fibre and wireless connections.  Net profit fell to $30 mil...