TLS telstra group limited

Loses 6.4 percent in half year net profit

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    Telstra (ASX:TLS) loses 6.4 percent in half year net profit



    • Telecommunication giant Telstra (TLS) has recorded a 6.4 per cent drop in profits compared to the same time in 2018 in its latest half-year report
    • The profit slump was attributed to the huge restructuring of company operations, costs from the NBN roll-out, and the Australian bushfire crisis
    • The company is now at the halfway mark of the T22 restructuring strategy, estimated to cost $600 million

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