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Telstra Corp. first-half net profit climbs 13% to $1.75 bln

HONG KONG (MarketWatch) — Telstra Corp. , Australia’s largest telecom company, said Thursday half-year net profit climbed 13%, bolstered by gains in market share for its broadband and cellular services units. The Melbourne-based company said net profit for the July to December period totaled A$1.93 billion ($1.75 billion), up from A$1.70 billion a year earlier. Consensus analysts’ expectations were for net profit of A$1.77 billion. Telstra said revenue for the six-month period totaled A$12.37 billion, up 6.2% from A$11.65 billion a year earlier. “Despite fierce price competition, we have again won broadband and post-paid mobile market share from competitors and grown average revenue per user,” Chief Executive Solomon Trujillo said in a statement Thursday. Shares of Telstra were up 2.4% in Sydney trading Thursday.

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Original post by Forextvblog

This entry was posted on Wednesday, February 20th, 2008 at 11:44 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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