Telstra's $4.3b profit up 15% on last year

AUSTRALIA'S largest telecommunications company Telstra has posted a full-year profit of $4.3 billion, far exceeding initial expectations.

The result is up 15% compared to last year.

The result saw Telstra raise its dividend for the first time in seven years, increasing the final dividend to 15 cents per share, taking the full-year payout to 29.5 cents per share, an increase of 5.5%.

Telstra also announced a further return to shareholders with an off-market share buyback of up to $1 billion.

The telco gained 937,000 mobile customers during the year which drove up mobile revenue by 5.1%.

Its fixed-line income slid a further 7.5%.

Telstra's NBN income rose 60% to $640 million over the past year as more homes and businesses connected to the fibre optic service.


Visitor number highest in years as region reaps tourism boom

Premium Content Visitor number highest in years as region reaps tourism boom

Warwick sees a 75 per cent increase but providers urge council to implement crucial...

Prominent Warwick identity charged with rape

Premium Content Prominent Warwick identity charged with rape

Police will allege the 56-year-old man sexually assaulted a woman.

Rodeo organisers buck up for biggest arena spectacle yet

Premium Content Rodeo organisers buck up for biggest arena spectacle yet

This weekend’s Stanthorpe Rodeo is boasting record high entries and a rollicking...