Telstra
(ASX:TLS) has released its 1H17 results, and here are the highlights:
- During this period, its NPAT was underwhelming and below expectations, falling 11.8% to $1.8 billion. This time last year, its net profit was higher at $2.1 billion.
- Total finance income fell 0.7% to $13.7 billion, compared to the prior corresponding period.
Telstra declared a fully franked interim dividend of 15.5 cents per share, returning $1.8 billion to shareholders – which is unchanged from the previous year.
As for what was behind those results, Telstra’s mobile revenue dropped 8.7 % to $5 billion compared with the first half of last year. The telco's overall revenue from its fixed-line business fell 4.7% to $3.3 billion.
