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l43a2

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#71149 5-Nov-2010 10:29
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http://www.nbr.co.nz/article/telecom-profit-halves-132759





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NonprayingMantis
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  #400561 5-Nov-2010 11:00
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nice sensationalis headline there. Most of the reaosn for profit going down is interest or taxes. (because EBIT only declined a bit (180 vs 194).
I doubt telecom have been taking out any mega loans, then it is probably taxes - which bear basically no relationship to business performance on a quarterly basis.

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