An update from Chorus Limited ( (CHRUF) ) is now available.
Chorus Limited reported a stable financial performance for the half-year ending December 31, 2024, amidst New Zealand’s ongoing economic recession. The company saw an increase in fibre connections by 14,000, bringing the total to 1,098,000, with fibre uptake reaching 71.7%. Operating revenue slightly decreased to $500 million due to reduced copper connections, while fibre broadband revenue increased by $20 million to $361 million, making up 72% of total revenue. The company’s efforts to simplify operations and reduce legacy costs resulted in slightly lower operating expenses, despite inflationary pressures.
More about Chorus Limited
Chorus Limited operates in the telecommunications industry, providing essential broadband infrastructure services in New Zealand. The company focuses on delivering fibre optic connections and is involved in the transition from legacy copper networks to high-speed fibre networks, catering to both residential and business customers.
YTD Price Performance: 4.49%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $2.22B
For detailed information about CHRUF stock, go to TipRanks’ Stock Analysis page.