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TelstraClear - Source: ONE News -
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TelstraClear had a slight increase in both income and expenses in the half year to the end of December as its earnings before tax and interest remained unchanged at $4 million.
The internet, mobile and phone company's half year results were released on Thursday, which showed income increased to $348 million, up from $346 million in the same period last year.
However, operating expenses were also up to $274 million from $272 million.
After depreciation expenses of $70 million, which were the same as last year, the company earned $4 million before interest and tax, which was also unchanged from the same period last year.
Operating expenses, excluding depreciation and amortisation, increased by 1.1%, with the growth in consumer services increasing network costs, partially offset by a reduction in labour costs and other operating costs.
Capital expenditure decreased by 14.9% with the completion of two major projects, namely the upgrade of the billing platform and the build out of access via the local loop unbundling.
The company does not comment on half year results.
TelstraClear's Australian parent, Telstra Corp, Australia's largest phone company, reported a 1.8% fall in first half profit on Thursday, due to tough market conditions. It posted a profit of $A1.89 billion ($NZ2.38 billion) in the six months to December 31, down from $A1.92 billion in the previous half year.
Meanwhile, figures released for Vodafone New Zealand by its global parent last Friday show it added 9,000 customers in the December quarter after 27,000 customers left the network in the previous quarter.
It still has 18,000 fewer customers than the 2.5 million connected its network at the end of June last year.
Telecom, which has 2.25 million customers, announces its half year results on Friday.
New mobile company 2degrees will also announce its customer numbers on Friday.
