Telstra Corporation Limited (ASX:TLS) says its net income rose to $3.4 billion in the 2012 financial year, an increase of 5.4 per cent.
The telco giant has utilised handset subsidies and customer discounts in the mobile market to boost its customer base by more than 30 per cent for a total market share in excess of 40 per cent.
CEO David Thodey says the customer growth resulting from the strategy has translated into strong financial results despite tough domestic and international economic conditions.
Industry analysts have observed that Telstra is in a strong position to cope with the ongoing uncertainty of the technology industry.
A final dividend of 14 cents per share has been declared, taking the annual payout to 28 cents.