Spark New Zealand Limited (AU:SPK) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Spark New Zealand has reported a challenging financial year, with an overall decline in revenue, EBITDAI, and net profit due to tough economic conditions and increased competition. Despite surpassing $1 billion in mobile service revenue and growth in cloud and high-tech sectors, the company struggled with decreased demand in IT services and consumer spending. The FY24 results include a total dividend of 27.5 cents per share, with a promise of cost reductions and growth investments moving forward.
For further insights into AU:SPK stock, check out TipRanks’ Stock Analysis page.