Spark FY revenues, earnings dip 1%

Thursday 18 August 2016 | 11:14 CET | News
Spark New Zealand said that while revenues for its full year to end June went 1 percent lower year-on-year to NZD 3.49 million, its EBITDA rose 2.5 percent to NZD 986 million and its net profit before income tax lifted 6.2 percent to NZD 512 million. Spark's net profit after tax fell 1.3 percent to NZD 370 million. Capex amounted to NZD 390 million and earnings per share at 20 cents per share. Revenues jumped 11.3 percent for mobile, went up 5.4 percent for broadband and increased 13.1 percent for IT services. In the year, the company lifted its mobile share, in terms of revenue, by 1 percent

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Spark
Countries: New Zealand
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Spark appoints Oracle's Graham as CEO of CCL unit

Published 09 Feb 2021 13:16 CET | New Zealand
New Zealand operator Spark has appointed Heather Graham as CEO of its CCL subsidiary, effective 31 March. Computer Concepts ...

Spark's CCL unit completes sale of network services business

Published 31 Jan 2020 10:47 CET | New Zealand
New Zealand operator Spark has announced that its subsidiary CCL has finalized the divestment of CCL Networks to Cello ...

Spark launches subsidised broadband to jump digital divide

Published 22 Sep 2016 10:27 CET | New Zealand
Spark has announced a new social programme to bring subsidised broadband to thousands of New Zealand children whose families ...

Spark raises data allowances, some prices

Published 29 Aug 2016 09:12 CET | New Zealand
New Zealand operator Spark is increasing data allowances on its fixed broadband plans by up to 50 percent in response to customer ...

Spark to credit costs of calls and texts to Italy

Published 25 Aug 2016 10:57 CET | New Zealand
Spark announced it will credit its customers for the cost of landline and mobile calls and texts to Italy following the recent ...

Hyde named new CEO of Spark Ventures

Published 16 Aug 2016 14:32 CET | New Zealand
Spark New Zealand announced the appointment of Ed Hyde as the new CEO for Spark Ventures and a member of the Spark Leadership ...

Spark and 2degrees formally oppose Sky TV-Vodafone merger

Published 16 Aug 2016 10:09 CET | New Zealand
New Zealand operators Spark New Zealand and 2degrees have made submissions to the Commerce Commission on the proposed merger ...

Spark commits to 'fair pay' policy for staff

Published 15 Aug 2016 09:20 CET | New Zealand
New Zealand operator Spark announced a commitment to ensure all its staff are paid a fair, competitive salary above minimum pay ...

Spark New Zealand appoints Chalmers as CFO

Published 02 Aug 2016 15:17 CET | New Zealand
Spark New Zealand appointed David Chalmers as its new chief financial officer. He will be a member of the Spark Leadership Team, ...

Spark sell surplus property for NZD 26.5 mln

Published 15 Jul 2016 11:17 CET | New Zealand
Spark New Zealand has entered into a conditional agreement to sell surplus property in Mayoral Drive, Auckland for NZD 26.5 ...

New Zealand proposes shift to utility-style telco regulation

Published 12 Jul 2016 10:19 CET | New Zealand
The New Zealand government has opened a consultation on an overhaul of the country's telecom regulation, proposing a new ...

Spark completes multi-year, major systems upgrade

Published 29 Jun 2016 10:01 CET | New Zealand
Spark New Zealand has announced that it has successfully completed a four-year, NZD 200 million programme to upgrade its key ...

Spark cleared to buy 2.3 GHz spectrum from Craig

Published 24 Mar 2016 09:30 CET | New Zealand
The New Zealand Commerce Commission has given clearance for Spark New Zealand to acquire the management rights to 70MHz of radio ...

Spark New Zealand reports interim EBITDA up 4.4%

Published 18 Feb 2016 11:16 CET | New Zealand
Spark New Zealand has reported total operating revenue and other gains down by 4.1 percent to NZD 1.72 billion in the six months ...