2022 is Telstra’s ‘inflection point’

Telstra CEO Andy Penn has said 2022 will be an “inflection point” for the company as it will be the last year in which the “negative economic impact” of the transition to NBNs will be seen in the company’s financial results.

This comes after the company announced today that full-year earnings were down 4.6% to $1.8 billion and total revenues were down 4.7% to $22 billion, but it will pay a final dividend of one share for the first time in seven years. Increased to 8.5 cents per.

“The underlying performance of the business is really starting to show, which is why the board has decided to increase its dividend to show its confidence,” Penn told Sky News business editor Ross Greenwood. rice field.