Chorus reports a 1H net loss

Chorus has swung from profit to a loss. (Image: Chorus)

Mon, 24 Feb 2025

Chorus says the soft economy drew customers to cheaper plans and caused a drop-off in new property development, which hit its new-install revenue.The ultra-fast broadband network operator swung to a first-half net loss of $5 million from a $5m profit for H124 on flat Ebitda ($346m v H124′s $347m).It warned that full-year operating earnings were “tracking to the lower half” of its $700-720m range.Chorus also confirmed its full-year dividend guidance of an unimputed 57.5 cents per share (against 2024′s 35cps) with a 23cps...

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