Australia telecoms firm announces profit rise
Australia’s largest telecommunications company, Telstra Corp, reported a 23% increase in first-half profit to 1.47 billion Australian dollars (1.6 billion US dollars) as growth in mobile and internet customers offset its declining fixed-line telephone business.
The former government-owned monopoly said in a statement today the result for the six months through December was in line with the company’s expectations “despite the difficult macro economic backdrop”.
