World VoIP NewsTelstra reveals decline in first half profitTelstra reveals decline in first half profit

Telstra reveals decline in first half profit

voip, mobile phone, mobile networks, nationwide, 3G, operators
Australia’s dominant fixed line operator Telstra has posted a 3.3% year-on-year decline in net profit for the first half of its 2009-10 financial year.
In the six months ended 31 December 2009 Telstra generated a net profit of AUD1.85 billion (USD1.62 billion), down from the AUD1.92 billion it reported in the same period a year earlier as fixed to mobile substitution continued apace, coupled with increased competition in the wireless voice sector for its mobile subsidiary Telstra Mobile. Sales revenue for the six-month period fell by 2.5% y-o-y to AUD12.32 billion, with revenue from the operator’s PSTN services falling by AUD222 million compared to the corresponding period a year earlier.

Earnings before interest, tax, depreciation and amortisation (EBITDA) meanwhile were down 0.3% against 1H2008-09 at AUD5.32 billion. Commenting on the results, Telstra CEO David Thodey said: ‘Overall, we have seen a decline in adjusted revenues in the first half despite good performances in mobile data, wireless broadband and IP data. This reflects challenging market conditions due to changing calling behaviours and stronger price competition.’

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