Chorus dividend grows as revenue passes $1b

Chorus dividend grows as revenue passes $1b
Data demand surpassed the previous peak during covid-related lockdowns. (Image: Chorus)
Ben Moore
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...

More Markets

NZ stocks end firmly as outlook brightens
Markets Market Close

NZ stocks end firmly as outlook brightens

Improved, post-results season sentiment drove NZ stocks higher.

The Warehouse Albany and Silverdale could be first in line for store revamp
Retail

The Warehouse Albany and Silverdale could be first in line for store revamp

The Warehouse’s Albany and Silverdale stores could be first in line to undergo an interior revamp, according to chief executive Mark Stirton, who gave an update to shareholders at the company’s annual meeting on Friday.The meeting covered everything from the company’s 2025 financ...

Westpac cops $3.64m penalty for lender responsibility breaches
Finance

Westpac cops $3.64m penalty for lender responsibility breaches

Credit Contracts and Consumer Finance Act in focus again.

New Talisman in trading halt
Markets

New Talisman in trading halt

New Talisman Gold Mines has been placed in a trading halt because of its financial position.The mining company requested the halt, saying the board must meet “to consider the company’s current financial position and its strategic path forward”.“The board cannot reach a conclusion...