Belfast Telegraph

Telecoms firm's profits dip 17%

Telstra, Australia's largest telecommunications company, reported a 17% fall in annual profit to A$3.2bn (£2.1bn), but forecast slight improvements in both earnings and revenue in the year ahead.

The former government-owned monopoly's net profit for the fiscal year to June 3 was down from A$3.9bn (£2.8bn) in the previous year.