Jolie Hodson: Spark CEO on the company reporting a significant fall in profit
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
See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.