Telecom FY earnings fall to bottom of guidance range, sees unchanged dividend in 2014

Thu, 22 Aug 2013

By Paul McBeth Aug. 23 (BusinessDesk) - Telecom Corp, which carved out its network operator unit Chorus at the end of 2011, reported a 0.5 percent decline in adjusted annual earnings to the bottom of its guidance range, and is predicting an unchanged dividend payment in 2014. Adjusted earnings before interest, tax, depreciation and amortisation slipped to $1.04 billion in the 12 months ended June 30, from $1.05 billion a year earlier, the Auckland-based company said in a statement. Telecom gave guidance of $1.04 billion to $1.06 billion in...

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