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CNU - Chorus News Story

NZD6.51 -0.0  -0.2%

Last Trade - 6:00am

Sector
Telecoms
Size
Mid Cap
Market Cap £1.51bn
Enterprise Value £3.15bn
Revenue £494.0m
Position in Universe 176th / 1911

BUZZ-NZ's Chorus hits more than 3-week high on FY earnings outlook raise

Sun 23rd February, 2020 10:33pm
** Shares of telecom services provider Chorus Ltd  CNU.NZ 
rise as much as 2.9% to NZ$6.56, their highest since Jan. 31
    ** Company increases full-year 2020 earnings before
interest, tax, depreciation and amortisation (EBITDA) guidance
to between NZ$640 million ($405.82 million) and NZ$655 million,
from the previous range of NZ$625 million to $645 million (https://bit.ly/32kazUp)
    ** Posts half-year net profit after tax of NZ$31 million, up
from NZ$30 million a year earlier
    ** Declares interim dividend of 10 cents per share, and
expects to declare final dividend of 14 cents in August
    ** Stock marks biggest intraday percentage gain since Jan.
22
    ** Stock is the biggest percentage gainer in the S&P/NZX 50
index  .NZ50 
    ** Stock has risen 3.2% this year, as of last close,
compared with a 5.1% increase in the S&P/NZX 50 index


($1 = 1.5770 New Zealand dollars)

 (Reporting by Sameer Manekar in Bengaluru; Editing by Peter
Cooney)
 ((Sameer.Manekar@thomsonreuters.com;))
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