Spark keeps earnings, dividend guidance as covid-19 dents sales

Wed, 22 Apr 2020

Spark New Zealand still expects small earnings growth and plans to keep paying dividends, despite the covid-19 pandemic and national lockdown denting sales. The country’s biggest telecommunications company reaffirmed guidance for earnings before interest, tax, depreciation, amortisation and investment income of between $1.1 billion and $1.12 billion in the 12 months ending June 30, up from $1.09 billion a year earlier. And it still expects to pay dividends of 25 cents a share. Roaming Hit The company said the impact of the national loc...

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