News: TLS Telstra Corporation Posts FY Profit Attributable Of $1,819 Million

Aug 13 (Reuters) - Telstra Corporation Ltd (TLS) :

• FY PROFIT ATTRIBUTABLE $ 1,819 MILLION VERSUS $2,154 MILLION
• DECLARES FINAL ORDINARY DIVIDEND OF 5 CENTS PER SHARE
• DECLARES FINAL SPECIAL DIVIDEND OF 3 CENTS PER SHARE
• FY REVENUE FROM ORDINARY ACTIVITIES $23,710 MILLION VERSUS $25,259 MILLION
• COVID-19 PANDEMIC WILL CONTINUE TO IMPACT OUR BUSINESS INTO FY21
• FOR FY21, TOTAL INCOME EXPECTED TO BE IN THE RANGE OF $23.2 BILLION TO $25.1 BILLION
• FOR FY21, SEES UNDERLYING EBITDA IN THE RANGE OF $6.5 BILLION TO $7.0 BILLION
• FOR FY21, SEES CAPITAL EXPENDITURE OF $2.8 BILLION TO $3.2 BILLION
• IN-YEAR NBN HEADWIND FOR FY21 EXPECTED TO HAVE NEGATIVE IMPACT ON UNDERLYING EBITDA OF ABOUT $700 MILLION
• GUIDANCE FOR FY21 UNDERLYING EBITDA ASSUMES ESTIMATED NEGATIVE IMPACT FROM COVID-19 PANDEMIC IN FY21 OF ABOUT $400 MILLION
• ADJUSTS T22 TARGET FOR RETURN ON INVESTED CAPITAL TO BE GREATER THAN 7 PER CENT BY FY23
• IN FY21, WE HAVE SET OURSELVES A TARGET TO REDUCE COSTS BY A FURTHER $400 MILLION