Results largely driven by strong performance in mobile business and CEO says company is aware of cost-of-living pressuresFollow our Australia news live blog for latest updatesGet our morning and afternoon news emails, free app or daily news podcastTelstra has reported full-year profits of $1.8bn off the back of a strong performance in its mobile business, just a month after announcing price rises for mobile plans of up to $4 a month during a cost-of-living crisis.Profits were down 13% at Australia’s largest telecommunications company, as it reported $23.5bn in total income for the 2024 financial year, with earnings before interest, tax, depreciation and amortisation of $7.5bn.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…
Source link : https://www.theguardian.com/business/article/2024/aug/15/telstra-profits-drop-financial-year-results-2024
Author : Josh Taylor
Publish date : 2024-08-15 05:18:49
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