Chorus slows customer loss as annual profit falls 24%

Sun, 26 Aug 2018

By Paul McBeth Aug. 27 (BusinessDesk) - Chorus profit fell 24 percent as the telecommunications network operator slowed the number of customers switching to different providers or technologies in an increasingly competitive market. Net profit dropped to $85 million in the year ended June 30 from $113 million a year earlier, the Wellington-based company said in a statement. Still, that was a smaller decline than in the first half, and earnings before interest, tax, depreciation and amortisation of $653 million were at the top end of the c...

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