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BRIEF-Telstra Corporation Ltd Posts FY Profit After Tax Attributable $ 2,154 Mln

Published 15/08/2019, 11:31 am
© Reuters.  BRIEF-Telstra Corporation Ltd Posts FY Profit After Tax Attributable $ 2,154 Mln
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Aug 15 (Reuters) - Telstra Corporation Ltd TLS.AX :

* FY PROFIT AFTER TAX ATTRIBUTABLE $ 2,154 MILLION VERSUS $3,591 MILLION

* FY REVENUE FROM ORDINARY ACTIVITIES $25,259 MILLION VERSUS $25,848 MILLION

* DECLARES FINAL ORDINARY DIVIDEND 5.0 CENTS PER SHARE

* WILL CONTINUE TO SEE CHANGE IN WORKFORCE AS PART OF INVESTMENTS IN DIGITISATION, NEW TECH & REDUCED ACTIVITY WITHIN BUSINESS

* DECLARES SPECIAL DIVIDEND 3.0 CENTS PER SHARE

* WHILE REPORTED FINANCIAL TRENDS IN FY19 WERE CHALLENGING, UNDERLYING TRENDS ARE EXPECTED TO IMPROVE OVER COURSE OF FY20

* EXPECTS FY20 HEADWIND OF $800 MILLION TO $1 BILLION FROM THE RECURRING IMPACT OF THE NBN

* EXPECT MOBILE POST-PAID AVERAGE REVENUE PER USER TO CONTINUE TO DECLINE INTO FY20 DUE TO COMPETITIVE PRICING DYNAMICS

* SEES 5G COVERAGE GROWING FROM 10 CITIES ACROSS AUSTRALIA CURRENTLY TO REACH INTO AT LEAST 35 IN NEXT YEAR AHEAD

* RELEASED GUIDANCE FOR FY20 , WITH TOTAL INCOME IN RANGE OF $25.7 TO $27.7 BILLION, UNDERLYING EBITDA IN RANGE OF $7.3 TO $7.8 BILLION

* EXPECTS FY20 RESTRUCTURING COSTS OF AROUND $300 MILLION, CAPITAL EXPENDITURE OF $2.9 TO $3.3 BILLION

* FIXED ARPU WILL ALSO CONTINUE TO BE IMPACTED IN FY20 BY INTENSE COMPETITION AS THE NBN ROLLOUT PROGRESSES

* "WILL CONTINUE TO ADVOCATE FOR A REDUCTION IN NBN WHOLESALE PRICES TO HELP ENSURE LONG-TERM SUSTAINABILITY OF INDUSTRY"

* EXPECTS FY20 FREE CASH FLOW AFTER OPERATING LEASE PAYMENTS OF $3.4 TO $3.9 BILLION

* TARGET A FURTHER REDUCTION IN UNDERLYING FIXED COSTS THIS YEAR

* IN FY20 EXPECTS NET ONE-OFF NBN DA RECEIPTS (LESS NBN NET COST TO CONNECT (C2C)) OF BETWEEN $1.6 BILLION TO $2.0 BILLION

* IN FY20, EXPECT TOTAL OPERATING EXPENSES EXCLUDING RESTRUCTURING COSTS AND IMPAIRMENTS TO DECLINE

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