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.
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.
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