SPK Reports FY20 Results In-Line with Guidance

  • August 26, 2020 12:30 PM NZST
  • Team Kalkine

For the year ended 30 June 2020, Spark New Zealand Limited (NZX:SPK) reported revenue growth of 2.5% to $3,623 million. The company registered 10.8% growth in cloud, security, and service management revenue while mobile service revenue increased by 3.9%.

Net profit after tax increased by 4.4% to $427 million, mainly led by growth in EBITDAI and lower tax expense. The company also announced a dividend per share of 12.5 cents per share for 2HFY20, bringing the total FY20 dividend to 25 cents per share.

 


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