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BRIEF-Telstra Corp Says FY Profit After Tax Attributable $3,563 Mln

Published 16/08/2018, 09:31 am
© Reuters.  BRIEF-Telstra Corp Says FY Profit After Tax Attributable $3,563 Mln
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Aug 16 (Reuters) - Telstra Corporation Ltd TLS.AX :

* FY REVENUE FROM ORDINARY ACTIVITIES $26,011 MILLION VERSUS $26,013 MILLION

* FY PROFIT AFTER TAX ATTRIBUTABLE $ 3,563 MILLION VERSUS $3,891 MILLION

* FINAL DIVIDEND 7.5 PER SHARE

* CURRENT COMPETITIVE ENVIRONMENT IS EXPECTED TO CONTINUE TO INTENSIFY IN YEAR AHEAD, JUST AS IT HAS DONE OVER PAST 12 MONTHS

* SPECIAL DIVIDEND 3.5 PER SHARE

* COMPETITIVE PRESSURES PLAYING OUT IN FINANCIAL PERFORMANCE AND EXPECT CHALLENGING TRADING CONDITIONS EXPERIENCED IN FY18 TO CONTINUE IN FY19

* FY19 CAPITAL EXPENDITURE IS EXPECTED TO BE BETWEEN $3.9 TO $4.4 BILLION

* EXPECT TO INCUR ADDITIONAL RESTRUCTURING COSTS OF APPROXIMATELY $600 MILLION IN FY19

* FY19 GUIDANCE HAS NOT CHANGED FROM THAT PROVIDED ON 20 JUNE 2018

* "LIKELY TO ELIMINATE UP TO $500 MILLION IN REVENUES OVER NEXT THREE YEARS, WITH EXCESS DATA CHARGES BEING FIRST EXAMPLE"

* FY19 GUIDANCE HAS NOT CHANGED FROM THAT PROVIDED ON 20 JUNE 2018 EXCEPT TO ADJUST FOR IMPACT OF NEW ACCOUNTING STANDARDS

* FY19 INCOME GUIDANCE HAS DECREASED BY $100 MILLION AND EBITDA GUIDANCE HAS INCREASED BY $100 MILLION

* FY19 WE EXPECT INCOME IN RANGE OF $26.5 TO $28.4 BILLION AND EBITDA (EXCLUDING RESTRUCTURING COSTS) OF $8.8 TO $9.5 BILLION

* FY19 NET ONE OFF NBN DA RECEIPTS LESS NBN COST TO CONNECT ARE EXPECTED TO BE BETWEEN $1.8 AND $1.9 BILLION

* FY19 FREE CASHFLOW IS EXPECTED TO BE IN RANGE OF $3.1 TO $3.6 BILLION

* INCREASING TARGET FOR PRODUCTIVITY PROGRAM BY A FURTHER $1 BILLION TO REDUCE UNDERLYING CORE FIXED COSTS BY $2.5 BILLION BY FY22

* EXPECT CHALLENGING TRADING CONDITIONS EXPERIENCED IN FY18 TO CONTINUE IN FY19

* EXPECT TO ACHIEVE MORE THAN $1.5 BILLION OF COST PRODUCTIVITY TARGET BY END OF FY20

* INTEND TO MONETISE UP TO $2 BILLION IN ASSETS OVER NEXT TWO YEARS

* "VOLUME OF DATA MOVING ACROSS OUR FIXED AND MOBILE NETWORKS IS EXPECTED TO INCREASE BY 50 PER CENT PER ANNUM"

* "OUR NETWORK WILL BE READY FOR 5G USE IN FIRST HALF OF FY19, WITH SERVICES IN LIMITED AREAS AND PENDING AVAILABILITY OF 5G COMPATIBLE DEVICES"

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