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5 mins to read
8

Chorus profit steady, dividend suspended. UPDATED: Ratcliffe on possibility of raising new equity, cutting copper spend, more


Full year earnings guidance now expected to be at top of range, but UFB expenses forecast to rise. UPDATE: CEO says layoffs on the way.

Chris Keall
 Mon, 24 Feb 2014

Scroll to end of story for conference call highlights.

Chorus [NZX: CNU] has reported a $78 million net profit for the six months to December 2013, against the $84 million it made in the same period last year.

Forsyth Barr had expected $80 million net profit.

As previously signalled,

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Chris Keall
 Mon, 24 Feb 2014
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Business Technology Chorus Chorus CEO Mark Ratcliffe
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