Spark grows FY revenues 1%, profits fall on restructuring costs

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(Telecompaper) New Zealand operator Spark reported revenues for its fiscal year to June up 1.0 percent to NZD 3.649 billion, in line with its outlook. Growth in mobile and cloud and security services offset slightly the drop in legacy voice and data services. Restructuring costs led to a fall in EBITDA of 2.7 percent NZD 989 million, and net profit was down 7.8 percent to NZD 385 million, hurt also be the fall in Southern Cross dividends. 
Source: Industry News (syndicated from Telecompaper.com)

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