Telecom Corporation of New Zealand Limited
(ASX:TEL) has posted a net profit of just over $NZ 1 billion for the six months to December.
The period includes five months of trading before the demerger of Chorus.
The telco says that because of the demerger year-on-year financial comparisons are complicated.
A fully-imputed dividend of 9 cents per share has been declared.
Telecom has also announced the buyback of up to $NZ 300 million in shares during the 2012 calendar year.
