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Chorus to resume dividends thanks to copper price hike

Friday 19 February 2016 | 11:31 CET | News
New Zealand wholesale operator Chorus reported financial results for the six months ended 31 December 2015 down sharply on the prior period because of lower regulated copper prices since December 2014. Net profit fell to NZD 33 million from NZD 64 million for the same period in the prior year, and EBITDA dropped to NZD 275 million from NZD 321 million. Operating revenues totaled NZD 479 million and operating expenses NZD 204 million. The conclusion of the recent copper pricing review, resulting in an increase in wholesale prices, means Chorus can begin paying dividends to shareholders for the

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Categories: Fixed
Companies: Chorus
Countries: New Zealand
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