Telstra Reports Consecutive Growth and Strong Demand

Telstra Corporation Limited (AU:TLS) has released an update.

Telstra Corporation Limited reports a solid year with its third consecutive year of underlying growth, reflecting a 3.7% increase in underlying EBITDA to $8.2 billion and a 7.5% rise in Underlying Net Profit After Tax to $2.3 billion. This performance underscores the company’s strategic execution and the growing demand for its services, with mobile network data surging by 20% over the fiscal year. CEO Vicki Brady emphasized the vital role of telecommunications in Australia’s future and the sector’s need for sustainable investment to support evolving technology demands.

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