Incumbents ASX and Telstra post strong profits
Telstra announced a record result, while the ASX posted profit gains despite being out of favour with investors.
The ASX result rode on strong market activity as the main indices have hit record highs this year.
Australia’s strong corporate profit reporting season has continued today with solid results for markets operator ASX and dominant telco Telstra.
The ASX-listed securities exchange, ASX, reported an increase in full-year profit to more than A$500 million ($548m) and rewarded shareholders with a
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