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Tech & Innovation
5 mins to read
3

Profit dips at Spark, weighed down by restructuring costs

Big questions remain over the telco's risky dive into sports. UPDATED

Wed, 22 Aug 2018

Spark has reported a full-year net profit of $385 million, a 7.9% dip on 2017's $418m.

Without one-off costs associated with the company's "Quantum" restructure, net profit would have been $420m, the telco says.

Ebitda was down 2.7% to $986m, but at the upper end of revised guidance issued in

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