Telstra: Interim result 2014

The telecoms giant has raised its dividend for the first time in almost a decade, but there’s still much work to be done.

Telstra’s steady progress continues. Australia’s widest owned business reported a 4% rise in revenue to $12.6bn for the six months ended 31 December. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 8% to $5.3bn – testimony to the leaner business Telstra has become.

Earnings per share were 13.7 cents and an interim dividend of 14.5 cents was declared (fully franked, ex date 24 February), up from 14.0 cents and the first time the dividend has been increased in nearly a decade.

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