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Telstra’s full-year guidance dragged down by NAS, net profit up

Falling revenue and margins, with mismatched costs, dropped Network Applications and Services earnings by 67%, but strength from other business units offset fall when it comes to profit.

Poor performance from Telstra’s Network Applications and Services business.

Dan Purves Thu, 15 Feb 2024

The ASX-listed telco giant has tightened its earnings guidance range to A$8.2 billion ($8,75m) to A$8.3 billion for the full financial year because of poor performance from its Network Applications and Services (NAS) business. Previously, the range went up to A$8.4b.

“Within our Enterprise Fixed

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Dan Purves Thu, 15 Feb 2024
Contact the Writer: dpurves@nbr.co.nz
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Telstra’s full-year guidance dragged down by NAS, net profit up
Australia,
102715
true