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Chorus’ smoke and mirrors tune strikes a discordant note

Chorus pays a “fake” dividend.

Jenny Ruth
Tue, 29 Aug 2017

Phone lines company Chorus delivered a result full of smoke and mirrors where up was actually down.

Stripping away the accounting changes, the rise in earnings before interest, tax, depreciation and amortisation (ebitda) turned into a 3.7% profit fall for the year ended June.

And its forecast

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Jenny Ruth
Tue, 29 Aug 2017
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Chorus’ smoke and mirrors tune strikes a discordant note
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