"Much of the fall in overall profit, however, was down to the absence of the profit from discontinued operations the company included in its figures for the financial year ending 2016, which made added around $2 billion to its topline tally."
Also checked the future EPS target which is spot on with estimates. This is purely a dividend reaction, in which the plebs are being led to believe this is a bad outcome. Telstra said it will probably return capital on top of the dividend. The extra cash will pay $1billion of debt. Hmmmmm!
D-Day... D being Dividend, page-86
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