Telstra sees profits fall 7.6 per cent in December half


Telstra posted a 7.6 per cent fall in its half-year profit, hurt by continued pressure from the rollout of the national broadband network and higher competition in the mobile market.

Net profit fell to $1.14 billion for the six months to December 31, from $1.23 billion a year earlier, the nation’s biggest telecom company said in a statement to the ASX on Thursday morning.

Telstra declared a  total interim dividend of 8 cents per share.

Telstra has seen a fall in first-half profit.Credit:AAP

More to come…

Reuters



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