Essential services Chorus, King Salmon stick to earnings outlook

By Paul McBeth | Fri, 27 Mar 2020


Telecommunications network operator Chorus and fish farmer NZ King Salmon are sticking to their earnings forecasts, despite the national lockdown.Both companies are deemed essential services and have adapted to the new environment. Chorus is postponing $50 million of capital spending and King Salmon is beefing up safety measures at its sites and is making sure those people who can work from home are.Chorus affirmed its recently upgraded guidance for earnings before interest, tax, depreciation and amortisation to be between $640 million and $650...