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 sharemarket braces for Trump's 'Liberation Day'
Markets Market Close

NZ sharemarket braces for Trump's 'Liberation Day'

The S&P/NZX 50 Index closed at 12,320.19, up 7.59 points or 0.062%.

Westpac Bank’s Eckhold says April cut likely wrong move
Economy

Westpac Bank’s Eckhold says April cut likely wrong move

Economists are widely expecting a 25 bps rate cut next week. 

The simple strategy behind Dairyworks
Primary Sector

The simple strategy behind Dairyworks

Is New Zealand still fixated on the 1kg block of cheese?

Trump-era FX 'compounding' margin losses, analysts say
Retail

Trump-era FX 'compounding' margin losses, analysts say

"Liberation day" could make matters worse, says Kiwibank’s Kerr.