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Telstra Reports Consecutive Growth and Strong Demand
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Telstra Reports Consecutive Growth and Strong Demand

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

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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.

For further insights into AU:TLS stock, check out TipRanks’ Stock Analysis page.

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