Telstra’s promise of growth in earnings and dividends from next year means it has smashed the corporate turnaround stereotype which usually starts with great fanfare and disappears without trace.
The first increase in net profit at Telstra in five years provides tangible evidence that chief executive Andy Penn’s T22 transformation strategy is working.
While the plan is still a year from completion, Penn is now focused on a new growth strategy that will include the prospect of higher dividends in fiscal 2023.
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Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
