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CNU - Chorus News Story

NZD6.54 0.0  0.3%

Last Trade - 10:59pm

Sector
Telecoms
Size
Mid Cap
Market Cap £1.51bn
Enterprise Value £3.15bn
Revenue £494.0m
Position in Universe 171st / 1907

BUZZ-NZ's Chorus hits record high on higher dividend, FY21 outlook

Mon 24th August, 2020 4:53am
** Shares of Chorus Ltd  CNU.NZ  rise as much as 3.6% to a
record NZ$8.30
    ** The telecom services provider declares a final, fully
imputed dividend of 14 cents per share  urn:newsml:reuters.com:*:nNZW4DXjls
    ** Expects FY21 dividend at 25 cents per share; sees capital
expenditure for FY21 between NZ$630 mln to NZ$670 mln; 
    ** Forecasts FY21 EBITDA outlook between NZ$640 mln ($417.98
mln) to NZ$660 mln
    ** Co's ultra-fast broadband (UFB1) fibre saw an uptake at
63% of homes and businesses as opposed to 54% in the previous
year
    ** Co raises UFB2 programme's FY21 outlook to a range of
NZ$548 mln to NZ$568 mln, from NZ$505 mln to NZ$565 mln 
    ** Posts a full-year net profit after tax of NZ$52 mln from
NZ$53 mln a year earlier; operating revenue for the year is
NZ$959 mln from NZ$970 mln in the previous year 
    ** About 1.9 mln shares change hands compared to a 30-day
average of 240,151 shares  
    ** Stock marks biggest intraday percentage gain since Aug
11; up 29.6% this year, as of last close 


($1 = 1.5312 New Zealand dollars)

 (Reporting by Tejaswi Marthi in Bengaluru)
 ((tejaswi.marthi@thomsonreuters.com))
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