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Australian telco Telstra logs 31% higher annual profit

Australian telco Telstra logs 31% higher annual profit

Reuters3 days ago
Aug 14 (Reuters) - Top Australian telecom firm Telstra Group (TLS.AX), opens new tab reported a 31% rise in full-year profit on Thursday, driven by sustained growth in its mobile segment, and announced a A$1 billion buyback.
The company said its profit for the year ended June 30 came in at A$2.34 billion ($1.53 billion), rising from A$1.79 billion, opens new tab a year ago.
The result was in line with the Visible Alpha consensus estimate of A$2.34 billion.
($1 = 1.5284 Australian dollars)
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