Telstra posts 2015 results

Telstra has revealed its financial results for 2015, with revenues increasing by 1.2% to $26.6 billion and EBITDA decreasing 3.5% to $10.7 billion.

Earnings per share increased from 0.3 per cent to 34.5 cents. Final dividend increased to 15.5 cents per share taking total dividend for FY15 to 30.5 cents per share, delivering strong results for Telstra shareholders.

It was Telstra’s first full financial year operating without its CSL Hong Kong mobile business, which was sold in May 2014, and as a result, reported income and profit numbers were said to be impacted on a comparative basis.

The operator secured 664,000 new retail mobile customers and 189,000 retail fixed broadband customers in Australia during the financial year.

Telstra CEO Andrew Penn, who took charge of the company in May, said it would continue to make significant investment in its networks in order to maintain its network leadership in Australia.

“The 2015 financial year saw Telstra continue to perform strongly, growing revenues, adding fixed and mobile customer services and continuing to invest in our network advantage,” he said.

Telstra also announced it would nominate US-based technology executive, investor and advisor Traci Vassallo for election as a non-executive director at Telstra’s annual general meeting in October.

Telstra directors Geoffrey Cousins and John Zeglis have also announced their intention to retire at Telstra’s annual general meeting on 13 October after each completed three three-year terms. 

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