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Business Description: Chorus Limited (CNU) is a telecommunication business owning and operating a nationwide fixed line access network infrastructure in New Zealand. This infrastructure comprises local telephone exchanges, cabinets and copper and fibre cables. The Chorus products and services can be grouped into five product portfolios: Basic copper, Enhanced copper, Fibre product, Field services, and Infrastructure services.
Strategy Analysis: Chorus is focus on the rollout of the UFB network while managing the separation of Telecom. Chorus will construct and install the copper and fibre access network. This includes the installation of equipment at the premise. Over the longer term, Chorus will maintain the network and to increase operating efficiencies.
Chorus reported NPAT down 18% to NZ$84m for the half-year ended 31 December 2012. Revenues from ordinary activities were NZ$525m, down 14% from the same period last year. Basic and Diluted EPS was 22 NZ cents compared to nil cents last year. The interim dividend declared was 10 NZ cents, compared with nil cents last year.
The Age 24/05/2013 |
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The Age 24/05/2013 |
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The Age 24/05/2013 |
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The Age 24/05/2013 |
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The Age 24/05/2013 |
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