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Telstra raises dividend after solid H1 growth

2016-02-18 10:01:00| Telecompaper Headlines

(Telecompaper) Telstra has confirmed its full-year growth outlook and raised its dividend after reporting a solid set of results for the fiscal first half to December 2015. The Australian operator's revenues rose 9.1 percent to AUD 14.2 billion (excluding finance income), and EBITDA was up 1.7 percent to AUD 5.4 billion. Net profit increased 0.8 percent to USD 2.1 billion, and Telstra increased the dividend by 3.3 percent to 15.5 cents per share, equal to a total pay-out of AUD 1.9 billion to shareholders. The results were helped by the takeover of Pacnet; excluding this, revenue was up 7.3 percent and EBITDA rose 1.4 percent. 

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