Telstra profits fall 13 per cent but digging out old tech nets $110m

Telstra’s profits have fallen 13 per cent despite 500,000 new mobile customers coming on-board.

The telco giant posted its annual results on Thursday morning, showing profits slipped to $1.78bn.

Just months ago, Telstra set in motion moves to cut 2800 jobs as part of trying to find $350m of savings. The last of those staff to lose their jobs will leave the business in September.

To know more: https://www.news.com.au/finance/business/technology/telstra-profits-fall-13-per-cent-as-enterprise-business-takes-a-hit/news-story/9b1a1f8ea1c8fc1ac14d88708de8fe07