Telstra product revenue up 1.1%

AUSTRALIA'S biggest telephone company reported annual revenue growth of 1.3% in the year to June, a company announcement said on Thursday.

The Telstra full financial year report said product revenue growth was up 1.1%, to $25,368million, on the back of a $679million surge in mobile sales, and $139million rise in Foxtel distribution and the Federal Government's National Broadband Network.

Once the nation's monopoly provider of landline telephone, the results show the huge increased take-up of mobile telephonic and internet devices, with the company now recording some 13.8million mobile customers, up 1.6million sales on the 2010-11 fiscal year.

But the report also said only low single-digit growth was likely for shareholders in 2013.

It also reported about $1.1billion in productivity benefits, while its international assets increased 7%, with a 27.3% fall in Chinese digital media offset by a 24.5% rise in "global connectivity" assets.



UPDATE: Fire conditions ease after 'huge response'

UPDATE: Fire conditions ease after 'huge response'

2000ha bushfire at Ellangowan near Casino is still being controlled

PHOTOS: Dragon boats take over Ballina

premium_icon PHOTOS: Dragon boats take over Ballina

14 teams took advantage of the fantastic weather for major event

8 men, 5 trucks, 52 bales of hay: Helping out in 'war zone'

premium_icon 8 men, 5 trucks, 52 bales of hay: Helping out in 'war zone'

Northern Rivers councils help farmers in drought areas

Local Partners