Telstra lifts H1 profit to $1.7bn

Updated: Telco on track to deliver low single digit earnings growth in FY, interim dividend beats expectations, shares lift 1.5%.

Telstra Corporation (TLS) has confirmed it is on track to deliver low single digit earnings growth in the full year, after posting a slight increase in first-half profit.

Investors responded well to the news. At the 1015 AEDT official market open, Telstra shares were 1.57% higher at $5.19, against a benchmark index lift of 0.07%.

In subsequent trading Telstra shares hit as high as $5.22.

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