Spark reports large revenue and profit drop.

Spark NZ's adjusted net profit for H1 FY2024 fell 4.8% to $157mn, but EBITDA grew. Mobile services revenue increased 6.3% to $510mn, & broadband customers using fixed-wireless plans rose. Data center revenue jumped 38.5% to $18mn. Despite revenue and profit drops, Spark maintained top-line growth, expects FY underlying profit between $1.215bn-$1.26bn, and plans a full-year dividend of 27.5 cents per share.

February 27, 2024
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