new zealand 's telecom corp. on friday reported a sharply higher annual net profit of nz$ #.## billion -lrb- us$ #.## billion ; euro# .## billion -rrb- , boosted by a one-off nz$ #.## billion -lrb- us$ #.# billion ; euro# .# billion -rrb- gain from the sale of its yellow pages business .
new zealand telecom annual profits boosted sharply by subsidiary business sale