Chorus keeps in the black, despite economic squeeze

Chorus keeps in the black, despite economic squeeze
CEO JB Rousselot said Chorus’ network saw another year of record traffic. (Image: Chorus)
Ben Moore
Chorus said net profit took a tumble in the year to June 30 but revenue inched higher and it is relatively upbeat about the current financial year. The telecommunications infrastructure company posted revenue of $980 million, a 1.6% increase over the prior financial year.Net profit for the year dropped 61% to $25m with the decrease being attributed to interest rate rises and $15m in accelerated depreciation of copper cables.Reported earnings before interest, taxes, depreciation and amortisation (Ebitda) were $672m versus $675 million in th...

More Infrastructure

150 years of infrastructure spending going ‘boom’
Infrastructure

150 years of infrastructure spending going ‘boom’

We actually spend a lot more on infrastructure than you might think.

Construction suicide costs at $1.3 billion
Infrastructure

Construction suicide costs at $1.3 billion

A survey found that almost one in five workers reported suicidal thoughts.

Chido Machingura 12 Sep 2025
F&P Healthcare one step closer to new Karaka campus
Policy

F&P Healthcare one step closer to new Karaka campus

Auckland Council has approved a request to rezone nearly 90ha going to hearings.

Oliver Lewis 12 Sep 2025
Expressway bidder faces scrutiny amid Sydney rail allegations
Infrastructure

Expressway bidder faces scrutiny amid Sydney rail allegations

NZTA is monitoring the situation as it assesses a local bid involving Webuild.

Oliver Lewis 11 Sep 2025