Spark has reported another big fall in profit, with reported net profit down 17.7 percent to $260 million - or a 33.6 percent fall to $227 million, adjusting for one-offs.

The telco also cut approximately 1300 full-time employees by the end of June, with many roles being eliminated or going to outsourcing and offshoring firms.

CEO Jolie Hodson says it's a tough economic market and the company has had to adjust to these changes.

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Spark has reported another big fall in profit, with reported net profit down 17.7 percent to $260 million - or a 33.6 percent fall to $227 million, adjusting for one-offs.
The telco also cut approximately 1300 full-time employees by the end of June, with many roles being eliminated or going to outsourcing and offshoring firms.
CEO Jolie Hodson says it's a tough economic market and the company has had to adjust to these changes.
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

Jolie Hodson: Spark CEO on the company reporting a significant fall in profit

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/e57c9eb5-3c2f-4b9f-b7fe-b33f0077051e/transcript