Telstra: Result 2012

Telstra’s full year result narrowly missed expectations. The telecom giant is making good progress on becoming post-NBN ready, but it's a costly process.

Telstra has announced a higher full year profit for the first time in three years. While revenue advanced only 1% to $25.4bn, net profit rose 5% to $3.4bn. The board declared a fully franked final dividend of 14 cents a share, making 28 cents for the year. At the headline level it looks like Telstra is starting to deliver on its turnaround.

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