Telstra’s 2020 profits slide but company says fall was expected – NEWS.com.au

Telstra says it its adapting to an ever-changing 2020 with the major telecommunications provider flagging its profit fall was expected. The country’s largest telco posted a net profit of $1.8 billion for the 12 months ending June 30, a 15.6 per cent decline compared with the 2019 financial year.
The company’s reported earnings before tax and interest was $8.9 billion, a 0.3 per cent decrease on a like-for-like adjusted basis.
Telstra has also issued a final dividend of eight cents per share, b…

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