Aug 17 (Reuters) - Australia's Telstra Corp Ltd TLS.AX reported on Thursday a 1.1 percent rise in full-year underlying profit, as gains from its wholesale division offset declining revenues from fixed-line and mobile telephone businesses.
The country's biggest telecoms firm said profit after tax from continuing operations for the year ended June 30 was A$3.87 billion ($3 billion). The figure strips out the effect of a one-off gain from an asset sale in the prior year.
Net profit was also A$3.87 billion, in line with an average forecast of A$3.9 billion, according to 10 analysts polled by Thomson Reuters I/B/E/S. That was 33.8 percent lower than a record profit of A$5.8 billion a year ago.
Telstra held its final dividend at 15.5 Australian cents-per-share, but flagged a cut next year and a reduced payout ratio in the future.
($1 = 1.2620 Australian dollars)