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.