Kordia announces 31% jump in sales

8 Oct 2007

The state-owned New Zealand telco Kordia has announced its first set of financial results following its company reorganisation last year. Revenues for the twelve months to the end of June 2007 were up 31% to NZD264.3 million (USD200 million), while net surplus (net profit after interest and tax) increased 21% to NZD11.9 million. The firm, originally part of New Zealand’s TV and radio broadcast networks owner, now has telecoms operations across Australasia and is expanding further into Asia. ‘We have streamlined internal processes to support growth across our broadcast, telecommunications and converged solutions businesses, and are integrating the different parts of the company across Australia and New Zealand into a more unified group,’ says Kordia Chairman Wayne Brown.

New Zealand, Kordia