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General

Chorus FY results hit by regulatory pricing decisions

Monday 24 August 2015 | 17:13 CET | News
New Zealand fixed-line network operator Chorus has reported a net profit after tax of NZD 91 million for FY 2015, compared to NZD 148 million in FY 2014. EBITDA amounted to NZD 602 million for the year ended 30 June 2015, down from NZD 649 million in FY14. Operating revenue for the period was NZD 1 billion, down from NZD 1.05 billion in FY14. Chorus' financial result for FY15 was substantially impacted by the requirement to implement initial regulatory pricing decisions based on international benchmarking, the company said.

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Categories: General
Companies: Chorus
Countries: New Zealand
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