Telstra reveals end of year figures, growth in net profit and revenues reported

13 Aug 2008

Australian telco Telstra has announced results for its fiscal year ended 30 June 2008, reporting net profit of AUD3.71 billion (USD3.25 billion), a 13.3% rise year-on-year. Telstra generated total revenues of AUD24.8 billion, up 4.7% from the previous year, which the telco attributed to strong growth in mobile and internet revenues. For the year ahead, Telstra stated it expects to see 3%-4% growth in sales and a 6%-8% rise in earnings before interest , tax, depreciation and amortisation (EBITDA); the operator also revised its guidance for fiscal 2010, raising forecasts for revenue growth and EBITDA to 3%-4% and 3%-3.5% respectively.

Australia, Telstra (incl. Belong)