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General

Spark FY revenues slip on continued negative effects from lockdowns, EBITDAI still reaches top of guidance

Wednesday 18 August 2021 | 11:24 CET | News
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Spark New Zealand said revenues for its fiscal full year to end-June dipped lower by 0.8 percent from the year before to NZD 3.593 billion, pulled down by a loss of NZD 38 million in roaming revenues amid covid-19 lockdowns and closed borders, masking a strong underlying performance in mobile and cloud, security and service management. The EBITDAI (earnings before finance income and expense, income tax, depreciation, amortisation, and net investment income) still came in at the top end of expectations, up 1 percent to NZD 1.124 billion. The company said it will therefore keep its total

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Categories: General
Companies: Spark / Spark New Zealand
Countries: New Zealand
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