Telstra Profit Flat In 2016 First Half
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Telstra has posted a 0.04 per cent year-on-year rise in net profit after tax in the 2016 first half.Telstra posted net profit after tax of $2.09 billion, with revenue of $13.68 billion up 7.6 per cent year-on-year.

“Our results have been achieved against increased mobile competition and acceleration in the NBN multi-technology model rollout,” Telstra chief executive officer Andrew Penn commented upon release of the results.

“We have continued to innovate and develop products and services to meet changing customer preferences and expectations in our fixed and mobile businesses.

“We are actively working to simplify our business, drive down costs and help our customers experience what technology can do for their lives and businesses.”

Penn stated Telstra’s 4G footprint covers “96 per cent of the Australian population with 99 per cent planned by June 2017”.

“More than 1,200 additional sites have been upgraded to 4GX standard for more reliable service and coverage in more places, including deeper in buildings,” he commented.

“We also have more than 500,000 customers registered with our Telstra Air Wi-Fi network, including 120,000 mobile customers.”

Telstra’s mobile revenue increased 3.7 per cent year-on-year to $5.53 billion. Telstra added 235,000 domestic retail mobile services during the period, including 80,000 postpaid handheld customers, taking its total mobile subscriber base to 16.9 million.

Meanwhile, revenue from Telstra’s fixed business declined 1.5 per cent to $3.56 billion, while fixed data revenue grew 6.7 per cent to $1.25 billion and fixed voice revenue declined 7.6 per cent to $1.77 billion.

Telstra has maintained its guidance for the 2016 financial year, stating it expects to deliver mid-single digit income growth and low-single digit EBITDA growth.