UPDATE: Spark FY announces special dividend on lift in post-AAPT earnings

Thu, 20 Aug 2015

(Adds detail) By Paul McBeth Aug. 21 (BusinessDesk) - Spark New Zealand, formerly known as Telecom Corp, posted a 19 percent decline in annual profit, reflecting one-off gains the previous year's sale of its Australian mobile business, AAPT, while underlying earnings were up as the telecommunications company reshapes its business to become focused on data and mobile services. The board flagged a special dividend in the 2016 financial year. Net profit fell to $375 million, or 20 cents per share, in the 12 months ended June 30, from $...

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