Spark Reaffirms Earnings and Dividend Guidance

  • Nov 07, 2019 AEDT
  • Team Kalkine

Spark New Zealand Limited (ASX: SPK), a telecommunications services company, has restated its earnings and dividend guidance for the financial year ending 30 June 2020:

  • EBITDAI guidance in the range of NZ$1.1 billion to NZ$1.12 billion;
  • Dividend guidance of 25 cents per share (at least 75% imputed).

In FY19, the company outperformed its mobile market competitors, by securing over 60% of the total market growth in service revenue and connection, mainly due to growth in higher-value Unlimited plans.

At AEST 01:23PM, the stock was trading at $4.085 per share, up by 1.11%.

 

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