Telstra’s half year profit takes a hit

Company News

by Rachael Jones

Telstra (ASX:TLS) today released its half year results for financial year 2019 where total income, EBITDA and NPAT were down year on year which was in line with expectations from the expected nbn impact.

Revenue from mobile is up 2.4 per cent compared to 1H18.

NPAT was $1.2 billion, that's down 27.4 per cent on the prior corresponding period.

EBITDA on a reported basis was $4.3 billion, down 16.4 per cent.

The Board resolved to pay a total fully franked interim dividend of 8 cents per share, comprising an interim ordinary dividend of 5 cents per share and an interim special dividend of 3 cents per share.

Shares in Telstra (ASX:TLS) are trading 3.58 per cent lower to $3.10.
 

Subscribe to our Daily Newsletter?

Would you like to receive our daily news to your inbox?