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Telstra maintains dividend as profits fall

Lucas Baird
Lucas BairdReporter
Updated

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Key Points

  • Revenue ($b) $10.98bn, down 9.7pc from year-earlier 12.164
  • Pre-tax profit ($b) 1.33 v 1.68 
  • Net profit ($b) 1.13 v 1.15 
  • Interim dividend unchaged 8¢, payable on March 26 

Telstra has maintained its interim dividend at 8¢ despite a dip in profits as chief executive Andy Penn flagged the telecommunications giant would bring 170 branded retail locations licensed to others back in-house.

Telstra will look to transition to full ownership of its branded retail stores.  James Davies

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Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com

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    Original URL: https://www.afr.com/companies/telecommunications/telstra-maintains-dividend-as-profits-fall-20210211-p571fr