Investors Find Defensive Appeal in Spark New Zealand
Adjusted for the NZD 20 million gain from asset sales last year, the 4% lift in Spark New Zealand's normalised EBITDA to NZD 1,038 million was in line with our expectations, as was the 6% rise in underling net profit after tax to NZD 420 million. The board declared a final DPS of NZD 0.125, 75% imputed--an amount that has been well-flagged for some time.The 7% rise in mobile revenue was the key highlight, fuelled by another 70,000 new post-paid subscribers (52,000 net gain in fiscal 2017), albe...
Spark New Zealand of New Zealand is the supplier of telecommunications and information, communication and technology (ICT) services in New Zealand and Australia. Co. provides telecommunications and ICT products and services, including local, national, international and telephone services; mobile services, data, broadband and internet services; information technology (IT) consulting, implementation and procurement, equipment sales; and installation services. The Co.'s portfolio of IT services include Cloud computing services, managed IT services, IT outsourcing, IT software and hardware procurement, and professional services to assist organizations with business and technology investments.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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