Spark sees 3.3% rise in FY sales

18 Aug 2017

New Zealand’s incumbent telco Spark has reported a 3.3% rise in revenues for its financial year to 30 June 2017 to NZD3.61 billion (USD2.71 billion). Sales of mobile services increased 5.6% year-on-year while revenues from IT services were up 19.0%. EBITDA rose 3.0% to NZD1.02 billion, and net profit climbed 13.0% to NZD418 million. The firm had 687,000 broadband internet customers at the end of June 2017, up from 675,000 a year earlier. The telco says that by 2020 it is aiming to have 85% of its broadband customers off copper and onto fibre or wireless technologies. Its mobile unit, meanwhile, claimed 2.39 million subscribers at mid-2017, an increase of 99,000 in twelve months.

New Zealand, Spark, Spark New Zealand Group