Telstra lifts net profits to $14.3bn but media revenue slips despite rise in TV income
Revenue from Telstra’s media interests slipped 0.5 per cent in the 2014 financial year despite a five per cent rise in TV income.
The Telco’s media portfolio, which includes a 50 per cent stake in Foxtel, generated $982 million, a fall of $5m from last year. TV revenue hit $699m with growth in both its Premium Pay TV and Foxtel on T-Box ‘paylite’ services.
But Telstra said this was offset by a sharp 22 per cent decline in Sensis voice and advertising services. The company sold 70 per cent of its Sensis marketing business in February for $454m.
Overall, Telstra lifted its net profit after tax by 14.6 per cent to $4.3 billion in the 12 months ending in June. Total income climbed just over six per cent to $26.3bn while earnings before interest and tax increased 9.5 per cent to $11.1b.
“Telstra lifts net profits to $14.3bn but media revenue slips despite rise in TV income”
“Overall, Telstra lifted its net profit after tax by 14.6 per cent to $4.3 billion in the 12 months ending in June.”
Which is it? A profit of $14.3bn or $4.3bn?
I think it is 4.3 billion, not 14. Telstra is not a bank (…yet)