Telstra Corporation Ltd
(ASX:TLS) has posted a 3.3% slip in first-half profit to $1.853 billion, but expects a stronger second half with improved economic conditions.
Australia’s largest telco says the result reflects a 2.9% drop in revenue to $12.342 billion, down from the $12.71 billion recorded in the previous corresponding period.
Looking ahead, Telstra says it faces challenges on a number of fronts, including strong competition, an accelerated move to wireless-only homes and a stronger Aussie dollar.
The company has declared an interim dividend of 14 cents per share – the same as issued the period before.
Telstra’s fiscal 2009 net profit was $4.07 billion.
