Telecom ekes out gain in 1H underlying earnings as mobile props up dwindling sales

Thu, 21 Feb 2013

By Paul McBeth Feb. 22 (BusinessDesk) - Telecom Corp, the country's biggest phone company, eked out a 3.7 percent lift in first-half underlying earnings as revenue from its mobile business propped up otherwise disappointing sales. Stripping out one-off items from the Chorus demerger a year earlier, adjusted earnings before interest, tax, depreciation and amortisation rose to $506 million in in the six months ended Dec. 31 from $488 million a year earlier, the Auckland-based company said in a statement. Telecom's sales fell 8.5 percent to $2....

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