Chorus returns to profit with $4m net gain amid strong cost management

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Mon, 25 Aug 2025

Chorus has swung back into the black with a $4 million net profit for the year to June 30 versus its prior-year net loss of $9m.It represented a comeback after a first-half net loss of $5m, blamed on the tight economy. The company, which has thinned its corporate ranks, cited “strong cost management”.Ebitda (earnings before interest, tax, depreciation and amortisation) improved by $5m to $705m, a whisker ahead of market expectations.Revenue rose 7% to $1.014 billion.The full-year dividend was confirmed at 57.5 cents per share (from...

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