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

BP exits Channel Infrastructure in $46m deal
Infrastructure

BP exits Channel Infrastructure in $46m deal

BP follows Mobil and exits former Marsden Point oil refinery business.

Oliver Lewis 19 Jun 2024
Email from CCHL boss reveals dividend frontloading trade-offs
Infrastructure

Email from CCHL boss reveals dividend frontloading trade-offs

Paul Silk sent his email shortly before the director exodus.

Oliver Lewis 18 Jun 2024
Average household spends 16% of income on infrastructure – report
Infrastructure

Average household spends 16% of income on infrastructure – report

A new report from the Infrastructure Commission said the average household spends about 16% of their after-tax income on infrastructure services, or about $13,500 a year.The report on user charges for infrastructure services such as water, roads and electricity analysed what is c...

Kaya Selby 17 Jun 2024
City deals expected by 2025
Infrastructure

City deals expected by 2025

Deals tipped to reshape relationship between central and local government.

Kaya Selby 17 Jun 2024