Telstra net profit jumps 21.7% to AUD 2.1 bln in H1

News General Australia 12 FEB 2015
Telstra net profit jumps 21.7% to AUD 2.1 bln in H1

Revenue from Australian operator Telstra's mobile business grew by 9.6 percent to AUD 5.3 billion for the six months ended 31 December 2014. Fixed data revenue increased by 7.8 percent, while fixed voice revenue fell 6.9 percent. Overall, revenue from Telstra's fixed business declined 1.7 percent, to AUD 3.5 billion in the 6-month period. Revenue from Telstra's Network Applications and Services (NAS) product line rose 18.1 percent to AUD 1 billion. International NAS revenues increased by 28.1 percent to AUD 41 million.

Total income, excluding finance income, increased 1.6 per cent to AUD 13 billion during the first half of 2015. Earnings per share increased 23.4 percent to 16.9 AUD cents. Net profit after tax increased 21.7 percent or AUD 378 million to AUD 2.1 billion, while EBITDA slightly increased by 0.5 percent to AUD 5.3 billion. Capital expenditure declined 4.7 percent to AUD 1.7 billion.

Telstra reports that its 4G network currently covers 90 percent of the Australian population and is expected to increase to 94 percent by mid-2015. The operator’s 4GX services are now available in over 1,000 towns and suburbs, on over one million 4GX compatible devices.

As part of the national public Wi-Fi access network, Telstra has enables 1,000 Wi-Fi hotspots and aims to offer Australians access to 2 million Wi-Fi hotspots across the nation and more than 13 million hotspots around the world. Telstra has added 366,000 new retail mobile customer services, 87,000 new retail fixed broadband customers and 127,000 new customers on a fixed bundle in the period.

Telstra says its guidance for financial year 2015 remains unchanged. In 2015, the company expects continued low single-digit income and EBITDA growth to offset the absence of CSL 2014 operating revenue and EBITDA. As a result, and after excluding the AUD 561 million profit on sale of CSL in 2014, Telstra's income and EBITDA guidance for 2015 is broadly flat. Telstra expects 2015 free cashflow of between AUD 4.6 billion and AUD 5.1 billion and capital expenditure to be around 14 percent of sales.

Categories:

General

Companies:

Telstra,  CSL

Countries:

Australia

Tags:

Sales figures, Financial figures

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