Telecom posts fall in FY profit
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
New Zealand's Telecom Corporation (TEL) says despite good progress on a strategic shift throughout the year it is "realistic" about the performance improvements that need to be achieved, after posting a fall in net profit for fiscal 2013.
In the year to June 30, Telecom's net profit excluding discontinued operations was $NZ238 million, a 23.5% decrease on the $NZ311 in the previous year.
Telecom noted year-to-year financial comparisons were complicated by the Chorus demerger in December 2011, which impacted the fiscal 2012 financial results.
Net profit including discontinued operations was 79.6% lower on the previous year.
In the same period revenue was $NZ4.19 billion, an 8.1% decrease on the $NZ4.17 billion in the previous year.
The group will pay a partially-imputed final dividend of eight NZ cents on October to shareholders on the register at September 30.
Call 1300 880 160
Start a chat
Schedule a call
