UPDATE: Spark lifts annual profit 12% as cost-cutting drive pays off

UPDATE: Spark lifts annual profit 12% as cost-cutting drive pays off
(Adds detail from 7th paragraph) By Paul McBeth Aug. 21 (BusinessDesk) - Spark New Zealand lifted annual profit 12 percent as the country's biggest telecommunications company stripped out costs in its Quantum transformation programme.  Net profit rose to $437 million in the 12 months ended June 30 from $337 million a year earlier, with operating revenue unchanged at $3.53 billion. The telco cut operating spending by 4.3 percent to $2.44 billion, which helped boost earnings before interest, tax, depreciation, amortisation and investment...

More Infrastructure

Billions needed for Northwest Busway
Infrastructure

Billions needed for Northwest Busway

The rolling maul of transport-related announcements continues.

Govt shares emerging route for mega Northland expressway
Infrastructure

Govt shares emerging route for mega Northland expressway

It's our single biggest roading project. So where's it going to go?

NZTA moves forward with Bay of Plenty highway
Infrastructure

NZTA moves forward with Bay of Plenty highway

Bishop promises freight and housing perks from $3b roading project.

Oliver Lewis 22 Apr 2025
Foreign investors show ‘increased interest’ in NZ
Policy

Foreign investors show ‘increased interest’ in NZ

Pension funds are reportedly cooling on the US. Could NZ stand to benefit?

Oliver Lewis 22 Apr 2025