One NZ’s earnings are up, but it’s outlook for 2025 isn't as positive.
The teleco’s operating earnings jumped 13% to $600 million in the year to March 31st, 2024.
However, they’ve predicted flat earnings for 2025, somewhere between $580 million and $620 million.
One NZ CEO Jason Paris told Mike Hosking that they’re calling it flat for next year as they think the economy will continue to be a bit challenging.
He said they’re lucky that they’re an essential service, but they will be tightening their own belts and ensuring they’re running as efficiently as possible to mitigate the impact of any future economic strain.
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