Telstra reports a 9.4 percent jump in half year profit driven by mobile growth
Australia's leading telecom firm posted a profit of 1.12 billion dollars for the first half of the year. Strong mobile sales and cost cuts drove the growth.
Insights:
Telstra Group Limited announced today that it has recorded a 9.4% rise in half-year profit, with profit attributable reaching A$1.12 billion for the six months ended December 31. This result, which represents the company's half-year earnings release, was driven primarily by steady contributions from Telstra's mobile business and the successful implementation of various cost-cutting initiatives.
