Podcasts Other The Mike Hosking Breakfast Jason Paris: One NZ CEO on the teleco's operating earnings and their outlook for next year

Jason Paris: One NZ CEO on the teleco's operating earnings and their outlook for next year

Published: May 21, 2024, 10:22 p.m.

One NZ\u2019s earnings are up, but it\u2019s outlook for 2025 isn't as positive.\xa0

The teleco\u2019s operating earnings jumped 13% to $600 million in the year to March 31st, 2024.\xa0

However, they\u2019ve predicted flat earnings for 2025, somewhere between $580 million and $620 million.\xa0

One NZ CEO Jason Paris told Mike Hosking that they\u2019re calling it flat for next year as they think the economy will continue to be a bit challenging.\xa0

He said they\u2019re lucky that they\u2019re an essential service, but they will be tightening their own belts and ensuring they\u2019re running as efficiently as possible to mitigate the impact of any future economic strain.\xa0

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