Telstra Profit Warning

Submitted by Share Trading on 13 August, 2010 - 13:18

Australian telecommunications company, Telstra (ASX:TLS) have given a "flattish" outlook to its revenue for the 2011 financial year. The company also warned it expected a high single digit percentage fall in earnings before interest, tax, depreciation and amortisation. Company shares fell as much as 9 percent on the news.

Telstra Dividend

Telstra has declared a final dividend of 14 cents a share, fully franked.

Telstra Financials

Net profit for the year ended June 30 down by 4.7 percent to $3.88 billion, compared to $4.07bn last year.