New Zealand's largest listed company Telecom Corp. Friday reported net profit in the year to June fell 43.9 percent due to the impact of the recession and investments in new technology. Net profit dropped to 398 million dollars (270 million US) from 710 million dollars in the previous year, the country's dominant telecoms company said. The company ...

New Zealand's largest listed company Telecom Corp. on Friday reported a 59 percent drop in its first half net profit to 162 million (83.32 million US) dollars. But company chief executive Paul Reynolds said the company had nevertheless made "good progress in a slowing economy". Adjusted earnings before interest, taxation, depreciation and amortisation (ebitda) were 884 million dollars ...

New Zealand's largest listed company Telecom Corp. said Friday that first quarter net profit fell 33.8 percent due to the impact of increased competition and increased investment. New Zealand's dominant telecommunications firm said net profit in the September quarter fell to 149 million dollars (88 million US) from 225 million dollars a year earlier. The result was ...