Profitable Two Degrees declares $57.7M in available tax losses

Wed, 13 May 2020

New Zealand's third-largest mobile carrier and internet provider, Two Degrees Mobile, is confident enough of its sustainable earning power to declare it has $57.7 million of previous years' tax losses to offset against future profitability. That's despite total revenue falling nearly 10 percent in the last financial year. Accounts for the 12 months to Dec. 31 show 2degrees reported a pre-tax profit of $28.6 million, compared with $19.6 million the year earlier, despite a 9.7 percent drop in total revenue from $806 million in the 2018 fina...

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