ASX 200 drops slightly, Telstra rises, AMP sinks on Thursday 11 February 2021

The S&P/ASX 200 Index (ASX: XJO) fell by 0.1% today to 6,850 points.

Here are some of the highlights from the ASX:

Telstra Corporation Ltd (ASX: TLS)

The Telstra share price went up around 3% after reporting its FY21 half-year result.

Telstra reported that its total income fell 10.4% to $12 billion. On a reported basis, earnings before interest, tax, depreciation and amortisation (EBITDA) fell 14.7% to $4.1 billion and adjusted for lease accounting, EBITDA declined 11.7% to $4 billion.

Looking at underlying EBITDA, it decreased by 14.2% to $3.3 billion. Telstra explained that the largest two contributors to this decline were the estimated impact from the in-year NBN headwind of $370 million and an estimated $170 million impact from…