Telstra’s reports annual profit, revenue declines

12 Aug 2010

Australian fixed line incumbent Telstra has revealed a 4.7% year-on-year decline in annual net profit as lower revenue from fixed line voice services and heightened competition in the mobile sector took their toll. The telco posted a net profit for the twelve months ended 30 June 2010 of AUD3.88 billion (USD3.5 billion), down from AUD4.07 billion a year earlier, while revenues also fell, down 2.2% y-o-y to AUD24.81 billion. Earnings before interest, tax, depreciation and amortisation (EBITDA) meanwhile stood at AUD10.85 billion for the company’s 2009/10 fiscal year, down 0.9% from AUD10.95 billion a year earlier. Commenting on the results Telstra CEO David Thodey noted: ‘2010 has been a challenging year, yet in the second half we started to see improving momentum in key products, and positive growth with business, government and enterprise customers as well as profit growth at Sensis.’

Australia, Telstra (incl. Belong)