Forsyth Barr’s Aaron Ibbotson says global markets have largely powered through on the basis that the Strait of Hormuz will reopen ‘one way or the other’, while mega tech firms cull jobs.
Company stresses it is about a lot more than Covid-19 products.
Telco says 30-40% of its broadband customer base will be on wireless by end of FY23.
International passenger movements fell 96% despite few months of the trans-Tasman bubble.
Revenue down 2% in first four months of 2022 financial year.
Revenue and profits up off back of Covid pet craze and health focus.
Telco hits earnings guidance, but profit declines 8.6% as Covid effects continue to weigh on performance.
New Zealand residential sector driving ‘stronger for longer’ outlook.
UPDATE: Inter-island cable wire out of action until Sunday afternoon.
Industry criticises perceived preferential treatment by Ministry of Health.