‘One of the most challenging periods in Spark’s history’: Telco takes big profit hit, reveals new five-year plan

‘One of the most challenging periods in Spark’s history’: Telco takes big profit hit, reveals new five-year plan
Spark chief executive Jolie Hodson.
Staff reporters
Spark has reported another big fall in profit, with reported net profit down 17.7% to $260 million, or a 33.6% fall to $227m, adjusting for asset sales and other one-offs.“The past year has been one of the most challenging periods in Spark’s history, as we navigated economic headwinds, materially lower customer spending, and ongoing structural change in some of our markets,” chairwoman Justine Smyth said.The profit crunch was within revised-down guidance and close to analysts’ consensus expectation.And the telco predicte...