Spark used its first-half result to underline its data centre ambitions. If everything falls into place, the telco will increase its capacity by five times.
Spark’s adjusted net profit fell 4.8 per cent to $157 million for the first half of its FY2024 financial year, but adjusted ebitdai was up and the telco.
Wine exporter Delegat Group’s first-half net profit fell by 18 per cent to $33.4 million, due mostly to higher interest costs and accounting adjustments..
Genesis Energy says it will not be raising its power prices any time soon, despite a slump in its first-half earnings. Competitor Mercury NZ said on Tuesday.
Genesis Energy said its earnings dropped in the first half as generation costs rose due to lower hydro inflows and the extended outage of its gas-powered.