Telstra posts lift in FY profit

Nation's number one telco records solid growth in revenue, net profit; expects further earnings growth as 4G network is built out.

Telstra Corporation (TLS) expects to grow revenue and earnings further in the year ahead as it builds out its 4G mobile network, after unveiling a solid lift in net profit for fiscal 2013.

In the year to June 30, the nation's number one telecommunications company's net profit was $3.813 billion, a 12% increase on the previous year's $3.405 billion.

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