Telecom Q1 Result
Telecom New Zealand will issue results for the three months ended 30 September 2002 at 8.30am on Tuesday 12 November.
Based on early published market forecasts, and further informal market feedback, Telecom has become aware of a wide
range of estimates for its first quarter result.
Telecom currently expects to report a net earnings result in the range of NZ$145 million to NZ$150 million, subject to
finalisation, together with continuing strong operating cash flows. This result would represent an underlying increase
of 7.4% - 11.1% over the first quarter result for 2001, adjusted for cross-border lease gains, capacity sales and
amortisation of goodwill.
The current range of full year earnings estimates is believed to be NZ$676 million to NZ$760 million. Telecom expects
the full year result to be within this range.