Kordia boosts first-half profit, cuts debt, resumes interim dividends

Mon, 29 Feb 2016

By Tina Morrison March 1 (BusinessDesk) - Kordia Group, the state-owned broadcasting and telecommunications network operator, posted a jump in first-half profit, allowing it to pay down debt and deliver an interim dividend to the Crown for the first time in three years. Profit rose to $5.8 million in the six months ended Dec. 31, ahead of its budget forecast of $2.4 million and up from $100,000 in the first half of 2015 and a loss of $3.8 million in the first half of 2014, according to the Auckland-based state-owned enterprise. Revenue in...

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