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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.