Telstra Corporation Limited
(ASX:TLS) has posted a big lift in net profit for fiscal 2013 and says it expects to continue to grow revenue and earnings in the year ahead as it builds out its 4G mobile network.
In the year to June 30, the telco's net profit was $3.8 billion, a 12 per cent increase on the previous year’s result.
The net profit figure exceeded analysts' profit expectation of $3.77 billion.
In the same period, revenue was $25.7 billion, a 1.2 per cent jump on year.
Telstra will pay a fully-franked full-year dividend of 28 cents on September 20.
