Spark New Zealand (ASX:SPK) has reported its net profit has jumped 13 per cent to $NZ418 million, in the full year to 30 June 2017.
The telecommunications company’s revenue also grew 3.3 per cent to $NZ3.614 billion as a result of strong performance in its IT services and mobile divisions.
Overall earnings before interest, tax, depreciation and amortization lifted by 3 percent to $NZ1.016 billion.
A one off $20 million gain from the sale of surplus land in Auckland also bolstered the balance sheet.
Spark has declared a full year dividend of 25 cents per share.
Shares in Spark New Zealand (ASX:SPK) closed 0.55 per cent lower yesterday at $3.63.