Spark New Zealand Cuts Earnings Forecast and Plans Asset Sales Amid Challenges

Spark New Zealand Limited (NZX: SPK) has revised its financial outlook, reducing its earnings guidance by $45 million, or 4%, as it addresses ongoing market challenges. In a recent announcement to the New Zealand Exchange, the telecommunications provider acknowledged both cyclical and structural factors impacting its performance. To counter these issues, Spark has outlined a strategy involving asset sales, cost-cutting measures, and a more conservative dividend approach to reassure shareholders. The company stated its commitment to achieving long-term financial stability, noting that these steps aim to restore investor confidence and enhance Spark’s operational resilience in a tough economic climate. At the time of writing, Spark continues to focus on refining its core operations to adapt to evolving market conditions.

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