Telstra Results: Profit Increases 9.7% With 739,000 New Mobile Customers

Getty/Chip Somodevilla

On the day that new broke that Telstra looks set to outsource another 1000 jobs, the company has released some fairly solid first-half results for the 2014 financial year.

Profit at the telco increased 9.7% to $1.7 billion on increased income of $12.8 billion.

Source: ASX Telstra results PDF

Impressively, in what to outsiders looks like a saturated market, Telstra managed to increase its retail mobile customer base by 739,000 to 15.8 million:

Source: ASX Telstra resultsPDF

Shareholders will likely be happy with the 3.6% increase in the dividend to 14.5 cents per share which Commsec says is the first increase since 1996.

Telstra closed last night at $5.11 per share and it will be interesting to see how investors view these solid results.

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