Chorus dividend grows as revenue passes $1b

Data demand surpassed the previous peak during covid-related lockdowns. (Image: Chorus)

Mon, 26 Aug 2024

Chorus has upped its dividend again as revenue passes $1 billion for the first time and demand for data hits record heights.The broadband infrastructure provider posted $1.01b in revenue for the 12 months to June 30, 2024, an increase of 3% from the prior year’s $980 million.It reported a net loss of $9m, down from a profit of $25m, due to a non-cash tax expense following the removal of deductibility of tax depreciation for buildings, an $11m increase in depreciation of copper assets, and increased interest costs.Earni...

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