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BRIEF-Telstra Corporation Posts FY Profit Attributable Of $1,819 Million

Published 13/08/2020, 10:08 am
© Reuters.
TLS
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Aug 13 (Reuters) - Telstra Corporation Ltd TLS.AX :

* FY PROFIT ATTRIBUTABLE $ 1,819 MILLION VERSUS $2,154 MILLION

* DECLARES FINAL ORDINARY DIVIDEND OF 5 CENTS PER SHARE

* DECLARES FINAL SPECIAL DIVIDEND OF 3 CENTS PER SHARE

* FY REVENUE FROM ORDINARY ACTIVITIES $23,710 MILLION VERSUS $25,259 MILLION

* COVID-19 PANDEMIC WILL CONTINUE TO IMPACT OUR BUSINESS INTO FY21

* FOR FY21, TOTAL INCOME EXPECTED TO BE IN THE RANGE OF $23.2 BILLION TO $25.1 BILLION

* FOR FY21, SEES UNDERLYING EBITDA IN THE RANGE OF $6.5 BILLION TO $7.0 BILLION

* FOR FY21, SEES CAPITAL EXPENDITURE OF $2.8 BILLION TO $3.2 BILLION

* IN-YEAR NBN HEADWIND FOR FY21 EXPECTED TO HAVE NEGATIVE IMPACT ON UNDERLYING EBITDA OF ABOUT $700 MILLION

* GUIDANCE FOR FY21 UNDERLYING EBITDA ASSUMES ESTIMATED NEGATIVE IMPACT FROM COVID-19 PANDEMIC IN FY21 OF ABOUT $400 MILLION

* ADJUSTS T22 TARGET FOR RETURN ON INVESTED CAPITAL TO BE GREATER THAN 7 PER CENT BY FY23

* IN FY21, WE HAVE SET OURSELVES A TARGET TO REDUCE COSTS BY A FURTHER $400 MILLION

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