Business

Telstra product revenue up 1.1%

AUSTRALIA'S biggest telephone company reported annual revenue growth of 1.3% in the year to June, a company announcement said on Thursday.

The Telstra full financial year report said product revenue growth was up 1.1%, to $25,368million, on the back of a $679million surge in mobile sales, and $139million rise in Foxtel distribution and the Federal Government's National Broadband Network.

Once the nation's monopoly provider of landline telephone, the results show the huge increased take-up of mobile telephonic and internet devices, with the company now recording some 13.8million mobile customers, up 1.6million sales on the 2010-11 fiscal year.

But the report also said only low single-digit growth was likely for shareholders in 2013.

It also reported about $1.1billion in productivity benefits, while its international assets increased 7%, with a 27.3% fall in Chinese digital media offset by a 24.5% rise in "global connectivity" assets.

Topics:  nbn, telstra




Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Stage set for epic PBR Grafton event

CONSTRUCTION: The grandstand arrived yesterday and is all ready for tomorrow night’s Rural Weekly PBR Live Series Championship decider at Grafton Showground.

The final touches are being put on Grafton's bull-riding arena

Assault trial aborted

Judge says crown reversed onus of proof

Reardon to lead strong contingent of Grafton riders up range

RAISE A TOAST: Grafton Cycle Club riders Peter Hughes, Bryan Crispin, Jye Reardon and Dion Wilkes are preparing to compete in the 56th Grafton To Inverell Cycle Classic this Saturday.

Grafton Cycle Club riders share insight ahead of Grafton to Inverell

Latest deals and offers

How a sacked real estate agent made $725k in four months

Agent is now under investigation by the industry watchdog

VIDEO: Art Deco fan pays $835,000 for Imperial Hotel

No Caption

Iconic "Impy" sold at a bargan price to bidder who loves Art Deco.

RBA warns of future apartment oversupply

Toowoomba: Crest Apartments and Burke & Wills, Ruthven Street ( view from Neil Street) Photo Bev Lacey / The Chronicle

RBA says oversupply of apartments poses risk to household finances