Telstra Corporation Limited ( (AU:TLS) ) just unveiled an announcement.
Telstra Group Limited has released its financial results for the half-year ending 31 December 2024, reporting a 1.5% increase in revenue to $11.602 billion and a 7.1% rise in profit to $1.115 billion compared to the same period last year. The company attributes the decrease in net tangible assets per security to recent software and spectrum licence acquisitions, demonstrating a strategic investment in enhancing its technological capabilities, which may have long-term benefits for its market position and stakeholder interests.
More about Telstra Corporation Limited
Telstra Corporation Limited is a major telecommunications and technology company in Australia, with a focus on providing a comprehensive range of communications services, including mobile, broadband, and fixed-line services. The company is known for its extensive network coverage and has a significant market presence in both consumer and business segments.
YTD Price Performance: -8.40%
Average Trading Volume: 2,436
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $28.49B
See more insights into TLS stock on TipRanks’ Stock Analysis page.