From builder to operator: how Chorus plans to reinvent itself

CEO Mark Aue said he will “actively cut” initiatives not supporting the delivery of the company’s new strategy. (Image: Chorus)

Ben Moore

Tue, 27 Aug 2024

Chorus is entering the next phase of operations with renewed focus and clarity, chief executive Mark Aue said in an investor call on Monday.Chorus posted strong results for the 12 months to Jun 30, 2024, surpassing $1 billion in revenue, reducing capital expenditure, and laying out plans for higher dividends.The board approved a 47.5 cent per share dividend for the 2024 financial year with guidance for a 57.5cps dividend in 2025.It also increased the payout range from 60%-80% to 70%-90%, which Aue said better reflected future cashflow...

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