The shares of Telstra Corporation have gone down at the beginning of market transaction which is reported as the largest telecom, but is not making large impact in net profit of national economy.
According to company, the net profit for the first six months was recorded as $1.468 billion which unexpectedly went up by 22.9% from the past corresponding period. But the financial performance was less than the market expectation of $1.518 billion.
Report says, Telstra followed a fixed outlook for single-digit, and low EBITDA growth and revenue for entire year 2011 and 2012, as well as company decided to distribute 28-cent share dividend per share. The market performance for the first half of the year was in satisfactory line, which was running in positive trend, but later the results let down the company’s expectations, Telstra revealed on Thursday’s statement.
According to Telstra, they have expanded their services to 958,000 mobile customers during the half year which increased from 919,000. The figure of revenue went up by 10.9% to 4.39billion which was the best growth rate within the half year. It was the best year for customer growth in the history of Telstra, said David Thodey, Chief Executive of Telstra. And it will go at the same pace in the future which is clearly seen from the beginning results of 2012.
However, the share price of Telstra fell by 7 cents which is 2.03%, at $3.36. According to Morningstar analyst Peter Warnes, the reflection of beginning results was favorable for market expansion basically among the 436,000 mobile broadband customers.
A research revealed, "Rapid revenue growth by mobiles, retail fixed broadband and Network Applications and Services (NAS) was going down with declines of Sensis and PSTN." More than 106,000 were benefited by fixed broadband and 166,000 were by T-Box and T-Hub broadband services during the half of the year.
At the same time, the fixed line PSTN business provided services to 136,000 customers and suffered a 9% decrease in annual revenue to $2.49 billion. However, Telstra has been making progress after the strategies of March 2011 which was about organizational structure and operational plan to adopt the current challenging business environment, Telstra said.
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