Telstra (TLS), the country’s largest telco, announced a 5.4% rise in its Full Year (July 2011 – June 2012) net profit to $3.4 billion. This was slightly lower than consensus (market expectations). See table below for results.

Impressively, TLS added 1.6 million mobile phone customers over the year and now has 13.8 million mobile customers. In contrast, Vodafone OZ lost 178k customers over the past 6 months.

The number of consumers with broadband rose by 203k.

TLS continues to work with NBN Co on the building of its nation-wide network.

It has announced a 14c a share dividend payable to eligible shareholders on 21 September.

Looking ahead, TLS said it expects modest single digit growth over 2013, and it is TLS’s intention to maintain a 28c dividend over the year.

It has paid out at least a 14c/s dividend each half since 2005. Its reliable dividend and profitability have made the telco attractive to investors.

TLS has outperformed most companies on the ASX recently, is up over 16% since the start of Jan 2012 and rose by close to 20% in 2011. Its CEO, David Thodey earned $4.8 million over the year.

Stephen Daghlian, Market Analyst,

Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (“CommSec”) is a wholly owned, but non-guaranteed, subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”) and both entities are incorporated in Australia with limited liability.

 

Telstra Full Year Results

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