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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 22/05/2013 |
A piece of broker research came out last week that described the budget as a sensible one but an almost suicidal one for a government four months out from an election. Instead of trying to buy votes, it seemed intent instead on putting as many noses out of joint as it possibly could.
The Age 22/05/2013 |
In last week's budget, the government missed what will probably be its last opportunity to make the superannuation system fairer and more sustainable. While the government made some tough decisions, such as reneging on promised tax cuts, one of the fastest-growing expenses is the tax concessions for superannuation.
The Age 22/05/2013 |
Baby, forget the bonus. With tax concessions gone the federal government's budget could also affect your health, writes John Collett.
The Age 22/05/2013 |
Last week's budget was a bit of aho-hum affair on many levels related to superannuation, because most of the changes to the system had been announced back in April. The transfer of the Baby Bonus into an extra (reduced) payment for families eligible for Family Tax Benefit Part A, has drawn the light fairly and squarely on the costs of bearing and raising children. The recent debate about the opposition's Paid Parental Scheme versus the government's less-generous scheme has added fuel to the fire.
The Age 22/05/2013 |
Tradies caught out by the collapse of National Buildplan Group have called for a financial "rescue" package and an investigation into the failure of the company.
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