Friday 6th November 2020 |
Text too small? |
Chair and CEO Address at Spark’s 2020 Annual Meeting
Despite the challenges, Spark delivered another strong performance in FY20. After two years of flat revenues, we returned to top line growth, with revenues up 2.5%. Combined with good cost management, this allowed us to deliver EBITDAI growth of 2.1%, placing our result above the mid-range of our guidance at $1,113 million. Net profit after tax increased 4.4% to $427 million, primarily driven by growth in EBITDAI and lower tax expense. We announced an H2 FY20 dividend of 12.5 cents per share, 100% imputed, bringing the total FY20 dividend to 25 cents per share. FY20 was the final year of our prior three-year strategy. In this three-year period, we transformed Spark from a traditional telco to an end to-end digital services company. We are now a one-stop-shop for our business customers – providing everything from basic connectivity, through to data analytics and cloud transformation.
See the links below for more details:
Chair and CEO address at Spark's 2020 Annual Meeting
Spark Annual Meeting Presentation
Source: Spark New Zealand Limited (NZX: SPK )
No comments yet
PGW Guidance Update
CNU - Commerce Commission releases draft expenditure decision
Spark announces departure of Product Director
TGG - T&G appoints new Director
April 18th Morning Report
SKC - APPOINTMENT OF CHIEF EXECUTIVE OFFICER
Devon Funds Morning Note - 17 April 2024
Consultation opens on a digital currency for New Zealand
TWL - TradeWindow's $2.2 million capital raise now unconditional
April 17th Morning Report