TelstraClear back in the black

21 Feb 2008

TelstraClear has reported a profit of NZD1.1 million (USD870,000) for the six months to the end of December, up from a loss of NZD6.5 million in the year-ago period. Revenues fell 1.5% from NZD349.5 million to NZD344.3 million, with the decline attributed to lower calling revenues and the ending of TelstraClear’s mobile resale service agreement with Vodafone. Capital expenditure for the first half was down 40.5% to NZD44 million. TelstraClear says its cable networks in Wellington and Christchurch performed particularly well, and account for almost half of all residential customers in those markets. 56% of its customers in these cities are using its broadband services, compared with a national average of 30%.

New Zealand, TelstraClear