Spark bumps up dividend following strong returns

Spark chair Justine Smyth said shareholders should expect another divided increase next financial year. (Image: Spark)

Fri, 18 Aug 2023

Spark has produced another strong profit, boosted by the sale of a majority stake in its cell tower business, and said earnings growth will continue to support higher dividends.In the financial year to June 30, 2023, the telco posted a $1.14 billion net profit, a year-on-year increase of 176.8%The board approved a fully imputed dividend of 27 cents per share (cps), an increase of 2cps over the prior financial year.The TowerCo transaction and exit of Spark Sport resulted in a 20.7% increase in revenue of $4.49b, with earnings before interest, ta...

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