Chorus Limited (CHRUF) has released an update.
Chorus Limited reports a steady financial performance for FY24, with a 4% EBITDA increase to $700 million and a 3% revenue rise to $1,010 million, despite a net loss of $9 million attributed to tax changes and higher costs. The company saw significant growth in fibre connections, now comprising 87% of their fixed lines, and a surge in data demand. These results highlight Chorus’ transition to a predominantly fibre-based network amidst a challenging economic climate.
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