Kordia FY profit up 33% despite lower revenue

Sun, 28 Aug 2016

By Pattrick Smellie Aug. 29 (BusinessDesk) - State-owned telecommunications service provider Kordia increased tax-paid profit by 33 percent to $12.3 million in the year to June 30, thanks in part to a focus on completing profitable projects in the Australian market. Revenue for the year fell 3 percent to $240.7 million, with a reduction in total Australian revenues of 8 percent offset somewhat by a 3 percent rise in total billings in New Zealand. "The substantial growth in profitability was realised through a strong result from New Zea...

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