Nothing in the corporate world has see-sawed quite like opinions on the performance of Telstra’s outgoing chief executive, Andy Penn. But on Thursday as he delivered his final result in the top job, he must be deeply satisfied he muscled through the detractors to leave the telco on an earnings high note.
Telstra’s headline earnings before interest, tax, depreciation and amortisation, and income, were down 5 per cent and 4.7 per cent respectively, but the underlying earnings result was up 8 per cent. And it is the underlying measure, devoid of lots of distorting impacts including the NBN, which allows investors a closer look into the company’s ongoing performance.
The cost-cutting and productivity gains added a bit of positive juice to the earnings of most of its divisions, even those that produced underwhelming performances.
Given it just charged me a fee for updating of the expiry date on the credit card used for my direct debt I can see why its earnings are up
Good riddance. Seriously the place is a circus and the Board should be frogged matched for missing multiple obvious strategic opportunities.
didn't Telstra sell infrastructure (mobile towers) to ensure there was enough in the kitty to fund dividend? And what happens when Telstra has no more infrastructure to sell? auspol ausbiz mobile telecommunications broadband
SO the illegal call centres to foreign agents,extortion costs in the billions,the attack & destruction of our back security infrastructure & forbidden illegal technology towers weapons war crimes against Australia for a profit to who? The exodus invasions enemies and his pocket!
SO the illegal call centres to foreign agents,extortion costs in the billions,the attack & destruction of our back security infrastructure & forbidden illegal technology towers weapons war crimes against Australia for a profit to who? The exodus invasions enemies and his pocket!