0
General

Telstra's FY profit drops 14%, reaches midway point in T22 strategy delivery

Thursday 13 August 2020 | 09:21 CET | News
Australian operator Telstra has announced that its total income for the year ended 30 June 2020 plunged by 5.9 percent year-on-year to AUD 26.2 billion. Net profit also declined by 14.4 percent to 1.8 billion. Reported EBITDA reached AUD 8.9 billion. Underlying EBITDA fell 9.7 percent to AUD 7.4 billion.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Telstra
Countries: Australia
::: add a comment
This article is part of dossier

5G

,

Coronavirus

,

IoT


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Telstra's half-year revenue, profit decline, lowers FY sales guidance

Published 11 Feb 2021 10:21 CET | Australia
Australian operator Telstra posted total income of AUD 12 billion for the half-year ended 31 December 2020, which represents a ...

Telstra restarts workforce reduction, axes more than 1,400 jobs

Published 10 Feb 2021 14:22 CET | Australia
Telstra has restarted job cuts after a year-long suspension due to the COVID-19 pandemic. The operator notified 1,425 employees ...

Telstra to return to EBITDA growth by FY22, ROIC target updated to 8% by FY23

Published 12 Nov 2020 12:31 CET | Australia
Telstra has reconfirmed its FY21 guidance provided in August. The NBN rollout is complete and Telstra reports it is more than ...

Telstra unveils restructuring plan to split into infrastructure, services companies

Published 12 Nov 2020 09:05 CET | Australia
Australian operator Telstra has announced an important milestone in its T22 strategy at its annual Investor Day. Telstra plans to ...

Telstra intros 5G Home Internet service, Superfast and Ultrafast add-ons

Published 29 Sep 2020 08:02 CET | Australia
Australian operator Telstra has announced faster busy period download speeds on its current plans, expanded NBN offerings and a ...

NBN Co extends additional wholesale CVC capacity offer to internet retailers

Published 04 Sep 2020 08:50 CET | Australia
NBN Co, the company building and operating Australia's broadband access network, has announced a further extension of its 40 ...

Telstra, Optus, TPG, Dodo breach service continuity rules during NBN migration

Published 01 Sep 2020 08:52 CET | Australia
The Australian Communications and Media Authority (ACMA) has found TPG, Optus, Dodo and Telstra in breach of consumer protection ...

Telstra enters deal to sell Clayton data centre to Centuria Industrial REIT

Published 14 Aug 2020 15:06 CET | Australia
Telstra entered an agreement to sell its data centre complex in Clayton, Victoria, to Centuria Industrial REIT for AUD 416.7 ...

NBN Co's 9-month revenue jumps 38% on strong activation orders in Q3

Published 14 May 2020 08:54 CET | Australia
NBN Co, the company building and operating Australia's broadband access network, saw a 38 percent increase in its total revenue ...

Australia to deploy 182 mobile base stations in Round 5 of Mobile Black Spot Programme

Published 21 Apr 2020 07:49 CET | Australia
Australia's Department of Communications has announced that more Australians living in the regions will benefit from new and ...

Telstra's FY profit plunges nearly 40%, EBITDA down 21% on NBN impact

Published 15 Aug 2019 09:09 CET | Australia
According to Telstra, the largest reason for the decline in EBITDA was the impact of the NBN. To date, Telstra estimates the NBN ...

Telstra deploys 600th mobile black spot site

Published 16 Jul 2019 11:34 CET | Australia
Telstra has deployed its 600th mobile black spot site. The town of Walhalla has become Telstra's 600th Australian location to ...

Telstra to cut 10,000 contractor roles in next two years

Published 06 Jun 2019 08:45 CET | Australia
Australian operator Telstra plans to cut a quarter of its contractors over the next two years. The operator will slash 10,000 ...

Telstra to cut 6,000 jobs by end of FY19, take AUD 500 mln impairment charge

Published 29 May 2019 10:01 CET | Australia
Australian operator Telstra has announced that "as a result of good progress on its T22 strategy", it expects to take a non-cash ...





Calendar   /   Industry Events

01 Mar Zoom Video Communications Q4
01 Mar Liberty LatAm Q4 results
01 Mar Switch Q4 2020
01 Mar Boingo Q4
01 Mar Ooma Q4
01 Mar Inseego Q4
01 Mar TIM Brasil investors day
01 Mar Embedded World Digital
02 Mar HPE fiscal Q1
02 Mar FuboTV Q4 2020
03 Mar Vivendi Q4 2020
03 Mar Avast FY results
03 Mar Marvell Technology fiscal Q4
04 Mar Broadcom fiscal Q1
04 Mar MTS Q4 2020
04 Mar Ciena fiscal Q1
04 Mar Inwit Q4 2020
04 Mar Telesat Q4
05 Mar Vonage Investor Day
::: More Calendar Items