Chorus continues dip in net profit as it rolls out UFB
The network provider hopes its earnings will return to growth in the next 12 months.
Mon, 25 Feb 2019
A surge in demand for Chorus’ fibre optic internet connections wasn’t enough to stop the slip in profit even while the company expects demand for fibre to continue rising through 2019.
In the six months to December 31, 2018, net profit fell from $47 million to $30m, a 36% drop. It posted a
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