Telstra announces financial results for FY17

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    Highlights:
    • On a reported basis from continuing operations:
    o Total income1 increased 4.3 per cent to $28.2 billion
    o EBITDA increased 2.0 per cent to $10.7 billion
    o Basic earnings per share increased 2.8 per cent to 32.5 cents
    • On a guidance2 basis:
    o Total income1 increased 4.3 per cent to $28.2 billion
    o EBITDA increased 4.5 per cent to $11.2 billion
    o Free cash flow was $4.3 billion
    • Net Profit After Tax (NPAT) from continuing operations increased 1.1 per cent to $3.9 billion
    • NPAT from continuing and discontinuing operations decreased 33.8 per cent to $3.9 billion (due
    to $1.8 billion from the sale of Autohome shares included in FY16 NPAT)
    • Underlying core fixed costs reduced by 3.5 per cent or $244 million
    • Final dividend of 15.5 cents per share taking total dividend for FY17 to 31.0 cents per share
    • Added 218,000 domestic retail mobile customer services and 132,000 domestic retail fixed
    broadband customers
    • nbn connections grew by 676,000 to 1,176,000 bringing total market share (excluding satellite) to
    52 per cent
    Thursday 17 August 2017 –Telstra today released its full year results for financial year 2017, confirming it
    had met guidance, and announced the outcomes of the capital allocation review it commenced in November
    2016.
    The outcomes of the capital allocation review include a change to Telstra’s dividend policy3 to reduce the
    payout ratio to 70 – 90 per cent of Telstra’s underlying earnings4 and to return in the order of 75 per cent of
    net one-off nbn receipts5 to shareholders over time via fully-franked special dividends; a new capital
    management framework; and plans to monetise a portion of locked-in recurring nbn receipts (see separate
    market release for details).
    The Board announced a fully franked final dividend of 15.5 cents per share, bringing the total dividend for the
    financial year to 31.0 cents per share.6 Combined with the $1.5 billion on and off market share buy-backs
    completed during the year Telstra returned $5.2 billion to shareholders in FY17.
    On a guidance basis Telstra increased Total Income by 4.3 per cent and EBITDA by 4.5 per cent. Excluding
    the proceeds from the FY16 sale of Autohome NPAT increased 1.1 per cent on a reported basis from
    continuing operations.
    Telstra CEO Andrew Penn said 2017 had been a strong year and he was pleased to have delivered against
    the company’s guidance and strategy in the context of a highly competitive and dynamic market.
    “We are seeing new entrants into both mobile and fixed as well as pricing pressure in all sectors through
    price reductions, value enhancements and increased data allowances,” Mr Penn said.
    “Digital disruption is continuing to accelerate, not just for us but also for our customers, and we are entering
    a significant point in the transformation of the telecommunications market with the nbn rollout reaching scale.

    courtesy of Bell Direct
    ==============================================================================================

    (DYOR )

    i hold TLS ( and am looking to add sub $4 , whenever that happens )

  2. 29.0k
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    2018 big cut in divi to 22

    1 like
  3. 82.0k
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    spotted that in the strategic review ann.

    will still add just lower the buying price

    i don't think $3.50 but below $3.90 looks possible now

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