Spark’s mobile phone tower asset sale bolsters books

(Image: Supplied)

Wed, 22 Feb 2023

Spark’s books are strong in its half-year earnings, thanks mostly to the $911 million sale of its mobile phone tower assets, which offset a decline in the bottom line.The telco’s reported net profit for the six months to Dec 31 is a comfortable $837m.Stripping out the income from the sale of its tower network, and a one-off $52m provision from the offload of Spark Sport, the adjusted net profit is $165m, 7.8% down from the same period last year.Spark’s board has approved an interim dividend of 13.5 cents per share (cps), fully...

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