Spark signals $350m share buyback with TowerCo proceeds

Spark signals $350m share buyback with TowerCo proceeds
CEO Jolie Hodson said Spark is "on track to deliver our FY23 ambitions". (Image: Spark)
Ben Moore
Spark is firing on all cylinders with numbers up across the board for the June financial year, posting a net profit of $410 million, up 7.6% over the previous period’s $381m.The major telco’s board declared a final dividend of 12.5 cents per share, taking the annual return to 25cps and signalled plans to lift that to 27cps in the 2023 June year.Following the $900m capital injection from the sale of its passive tower assets, Spark is also promising a $350m on-market share buyback once the deal is completed.Another $350m will be inves...

More Markets

Asian markets fall as Trump acknowledges costs
Markets

Asian markets fall as Trump acknowledges costs

In early trade in Asia on Friday, Japan's Nikkei tumbled more than 5%.

AFP 2:30pm
Ebos gets 'strong support' for $217m raise
Markets

Ebos gets 'strong support' for $217m raise

The new shares will be priced at $36.65.

Tech stocks tumble as US-China trade war worsens
Markets

Tech stocks tumble as US-China trade war worsens

The S&P 500 fell nearly 6% by early afternoon Thursday in the US.

Vital Healthcare selling $50m worth of Melbourne property
Property

Vital Healthcare selling $50m worth of Melbourne property

The properties are in Box Hill, a highly regarded Australian healthcare precinct.

John Anthony 5:00am