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.

Topics:  business nbn profit shareholders telstra

Investor interest in $1.175m Iluka property

HIGH END: The two near new flats, a part of the property for sale at 80 Charles St, Iluka.

80 Charles St boasts potential for growth

HEAT STRESS: Should work stop when the heat is on?

CFMEU campaigns for relief from heat

New degree to help fight against floods

Effects of floods will be studied at Southern Cross Univeristy

University degree was threatened due to Federal Government changes

Local Partners