Revenue: Down 22% to $1.98 billion for six months to the end of December.
Profit: Down 5% to $157 million.
Key takeaway: High inflation and cost of living pressures are flowing through to lower levels of consumer and business confidence, leading to weaker parts in Spark's business.
Spark has reported a 4.8% decrease in net profit for the half-year due to “higher interest cost on debt and leases”, after adjusting for one-off gains earned in the prior corresponding half.
The NZX-listed telco reported profit of $157 million for the six months to the end of December 2023, with
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Key points
Revenue: Down 22% to $1.98 billion for six months to the end of December.
Profit: Down 5% to $157 million.
Key takeaway: High inflation and cost of living pressures are flowing through to lower levels of consumer and business confidence, leading to weaker parts in Spark's business.
