Subscriber growth bolsters Telstra’s first-half results

Australian fixed line incumbent Telstra has released its financial results for the six months ended 31 December 2011, revealing a solid performance across the board, helped in part by continued customer growth. In the first half of the telco’s 2011/12 financial year it saw net profit rise by almost 23% compared with the corresponding period a year earlier, to reach AUD1.47 billion (USD1.59 billion). Total revenues, meanwhile, increased by 1.1% year-on-year to AUD12.42 billion, with Telstra noting in particular 10.9% annual growth in turnover from mobile services, which rose to AUD4.39 billion.

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OVETEL Subscriber growth bolsters Telstra’s first-half results