The market loves Telstra today as it announced it will return $1 billion to investors through a buyback and reported a 14.3% increase in full-year after tax profit to $4.28 billion.
The big telco did this on revenue increasing 3.5% to $25.3 billion.
The market have hailed the result and Telstra shares shot up more than 2% to $5.55.
However, don’t expect more of the same in the current financial year.
Andy Penn, Telstra’s chief financial officer, expects continued low single-digit income growth.
And this means a broadly flat year ahead.
“We expect to continue to deliver low single digit income and EBITDA growth,” he says.
This chart, part of a presentation to market analysts, tells the story:
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