Telstra holds the line despite NBN woes

February 15, 2018

Telstra (file) has cut its dividend after a 4.9 per cent fall in statutory first-half profit.

Telstra has cut its dividend after the telecommunications provider's first-half profit fell almost five per cent to $1.7 billion.

Revenue for the six months to December 31 rose 0.8 per cent to $12.9 billion but net profit slipped 4.9 per cent on a previously announced $273 million writedown of US streaming business Ooyala.

Telstra cut its interim dividend to a fully franked 11 cents, down from 15.5 cents a year ago.

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