Telstra (ASX:TLS) see 7.6% fall in profit

Company News

by Rachael Jones

Telstra (ASX:TLS) has reported a 7.6 per cent drop in first-half profit to $1.14 billion.

Underlying EBITDA declined 6.6 per cent.

Underlying EBITDA excluding the in-year nbn headwind increased by approximately $90 million, the first time this figure has grown since FY16.

Revenue slipped 2.8 per cent to $13.4 billion.

The results were in line with full-year company guidance.

They kept their half-year dividend at 8 cents per share.

Shares in Telstra (ASX:TLS) are trading 1.4 per cent higher at $3.88.

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.