New Zealand's Spark rings up interim profit rise
New Zealand's largest telecommunication company Spark
Wellington - AFP
New Zealand's largest telecommunications firm Spark posted a 12.7 percent rise in interim net profit on Thursday, despite a modest growth in mobile and broadband revenues.
Spark said net profit for the six months to December 31 was NZ$178 million (US$128 million), up from NZ$158 million a year previously.
Chairman Mark Verbiest said group revenue was up 4.1 percent at NZ$1.8 billion, a "pleasing" result in a challenging and competitive market.
"It is clear the intense ongoing price competition, particularly at the lower end of the market, is driving margin pressure," he said.
Revenue from mobiles lifted 4.4 percent and broadband was almost static at 1.5 percent. But IT services to corporate and government clients outperformed to rise 19.3 percent.
Spark shares were down 4.31 percent at NZ$3.55 in early afternoon trade in an overall market that was off 1.01 percent.
GMT 15:15 2016 Friday ,07 October
Brexit fails to dent UK-New Zealand investment valuesGMT 16:36 2016 Tuesday ,04 October
'Megaship' arrival heralds shift up for New Zealand exportsGMT 14:37 2016 Tuesday ,04 October
Facebook Unveils Marketplace for Local Buying, SellingGMT 10:04 2016 Thursday ,15 September
Building boom spurs New Zealand economic growthGMT 03:10 2016 Thursday ,09 June
Exporters call for action on New Zealand housing crisis, exchange rate
- Thursday ,09 June GMT 03:10 2016 Exporters call for action on New Zealand housing crisis, exchange rate
With Job Cuts, China Deal
France's Carrefour revamps operations
Paris - Emiratesvoice
France's Carrefour group said Tuesday it is overhauling its business in a transformation plan involving thousands of job cuts, a product revamp and new partnerships in China. Carrefour, which was the world'sTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Emiratesvoice
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onIn Olympic Spotlight
'Friendly and kind' N. Korean skaters
Taipei - Emiratesvoice
North Korea's figure skaters Ryom Tai-Ok and Kim Ju-Sik are "friendly and kind and a little bit shy", South Korea's Kim Kyueun said Tuesday ahead of their hugely anticipated Olympic appearance. The skater is competing with her partner Alex Kam in theFor $11.6 Bn
Sanofi buys US haemophilia treatment
Paris - Emiratesvoice
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances its presence in specialtyParis show pays homage
to 'eternal style' of late Alaia
Paris - Emiratesvoice
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opens Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led
GMT 10:21 2016 Wednesday ,23 March
cartoon eleven
GMT 10:18 2016 Wednesday ,23 March
cartoon eight
GMT 10:18 2016 Wednesday ,23 March
cartoon seven
GMT 09:58 2016 Wednesday ,23 March
cartoon four
GMT 10:08 2018 Wednesday ,24 January
Microsoft to open 4 data centres
GMT 11:10 2018 Thursday ,30 August
Ariana Grande will perform at Aretha Franklin’s funeral
GMT 20:36 2016 Friday ,16 September
Palestinian youth killed in Bab al Amoud district over attempted stabbing
GMT 09:54 2018 Wednesday ,24 January
'Friendly and kind' N. Korean skaters
GMT 20:02 2017 Friday ,11 August
Eye US Sanctions Relief for Patients
GMT 08:45 2017 Tuesday ,14 March
Winter Storm Stella slams northeastern US
GMT 07:34 2017 Tuesday ,26 December
Grieving Pakistani Christians mark Christmas days
GMT 11:19 2016 Tuesday ,20 December
Disney hits industry-first $7 billion at box office
GMT 06:56 2017 Saturday ,18 March
G-20 ministers meet as ‘America First’ casts pall
GMT 12:55 2015 Friday ,06 November
MSF posts grim details from Afghan hospital strike
GMT 23:09 2017 Tuesday ,17 October
King Salman welcomes firm strategy on Iran
GMT 13:19 2017 Thursday ,10 August
Jamal stresses importance of strikeGMT 12:45 2011 Saturday ,18 June
Create the restful bedroom of your dreams
GMT 21:25 2017 Wednesday ,07 June
Second suicide attack inside Khomeni
GMT 04:36 2017 Tuesday ,14 February
Global education system needs major overhaul
GMT 10:03 2016 Saturday ,17 September
Pulitzer-winning US playwright Edward Albee, author of such masterpiece dies at 88
GMT 11:44 2017 Monday ,06 November
The World Cosplay Summit in Nagoya is the ultimate
GMT 18:19 2017 Friday ,17 March
Sudanese President Receives Message from Turkish Peer
GMT 21:22 2017 Saturday ,03 June
Singer Saad Lamjarred confident of his innocence
GMT 12:13 2017 Friday ,26 May
Bahrain-Turkey visa fee exemption within 30 days
GMT 14:52 2016 Wednesday ,21 September
Supermodel Kate Moss launches own agency
GMT 06:20 2017 Monday ,28 August
King condoles with late HH Shaikh Salman bin Ali
GMT 19:50 2017 Thursday ,04 May
French presidential hopeful Le Pen names nationalist as prime minister
GMT 18:16 2018 Thursday ,18 January
Trump and the Israeli-Palestinian conflict
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor