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Telstra's 1H profit falls 3.3% to $1.8b

Telstra's 1H profit falls 3.3% to $1.8b

Telstra’s 1H profit declined 3.3% to $1.85 billion, due to a rapidly increasing decline in fixed-line customers.

CEO David Thodey said fixed line connections had fallen nearly 7% in the six-month period. Overall revenue fell 2.5% to $12.32 billion, with earnings per share declining 3.5% to 15 cents.

TLS shares fell in value by 5% yesterday, and a further 2.5% today, and are currently trading at $3.25.

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Tags TelstraTelecommunicationsfinancial results

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