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

Gamification – it’s coming for you
Opinion

Simon Robertson: Gamification – it’s coming for you

How smart companies game your life to make money.

Simon Robertson 01 Nov 2025
NZ stocks end firm after Sky, Vulcan, annual meetings
Markets Market Close

NZ stocks end firm after Sky, Vulcan, annual meetings

There were 84 rises and 54 falls on the main board.

Jamie Gray 31 Oct 2025
Rising volumes push Port of Tauranga profit outlook higher
Primary Sector

Rising volumes push Port of Tauranga profit outlook higher

Port of Tauranga expects its full-year net profit after tax to fall somewhere between $137 million and $147m.The NZX-listed port company’s container volumes increased 9% to 319,649 TEUs in the first three months to Sept 30.Total trade increased 5.9% in volume compared to the same...

Staff reporters 31 Oct 2025
SkyCity faces Adelaide reckoning by year-end
Markets

SkyCity faces Adelaide reckoning by year-end

Casino operator releases details about regulatory situation in Adelaide.

Dileepa Fonseka 31 Oct 2025