Telstra lifts 1H profit 10%

Telstra lifted its first half profit nearly 10 per cent to $1.7 billion

Telstra has lifted its first half profit almost 10 per cent after taking on more than 700,000 new mobile customers in the space of six months.

The telco made a profit of $1.7 billion for the six months to December 31, up from $1.56 billion a year ago.

The company said it was on track to meet its full year guidance of low single digit earnings growth.

Telstra added 739,000 new mobile customers during the first half, taking its total number of mobile customers to 15.8 million.

"Our customer focus has led to continued mobile growth with the addition of 739,000 new retail mobile customer services and an increase in mobile services revenue of 7.3 per cent," chief executive David Thodey said in a statement.

The company's 4G network now had 4.1 million customers, with further growth expected, he added.

Meanwhile, Telstra announced a fully-franked interim dividend of 14.5 cents per share, up from 14 cents a year ago.


1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Watch now

Watch the latest news videos from Australia and across the world