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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