Spark Reports 30% Net Profit Growth Amid Cost-Cutting and Asset Sales in New Zealand
DATA AND AI INFRASTRUCTURE
New Zealand's Spark has announced a 30% increase in net profit to NZ$73 million (US$43.8 million) for the first half, despite a 1.1% revenue decline. The company undertook significant cost-cutting measures, including the reduction of 1,300 jobs and asset disposals, leading to NZ$51 million in savings. Spark's CEO stated that the firm is implementing a new five-year strategy and plans to introduce satellite-to-mobile services within six months.
Feb 19, 2026, 9:54 PM
