Business
Telstra sees profit slide by 14 per cent, maintains dividend – Sydney Morning Herald
Telstra’s profit has fallen by 14.1 per cent as the coronavirus pandemic and the national bushfire crisis put pressure on the telco.
“It says a lot about the strength of our business and strategy that through all this we were able to meet guidance, maintain the dividend and provide guidance for the year ahead,” Mr Penn said.
Mobile revenue fell $461 million, or 4 per cent, for the full financial year to $10.1 billion, due to declines in average revenue per user for postpaid and prepaid customers and fewer people buying mobile phones. International roaming fell by $75 million, also contributing to the revenue fall.
Fixed rev…
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