Australia's Telstra has reported a 1% decline in net profit after tax for its financial year ending in June, as a result of the impact of last year's divestment of Hong Kong mobile business CSL.
Net profit fell to A$4.23 billion ($3.12 billion) during the first full year results since the sale of CSL to HKT. The results were skewed by the profit from the sale and the loss of CSL's revenue.
Total revenue grew 1.2% to A$26.6 billion, with ebitda increasing 3.5% to A$10.7 billion. But excluding the CSL operating results total income would have grown 6.6% and ebitda was up 4.5%.
Mobile revenue improved 10.2% to A$10.6 billion but fixed revenue declined 1.9% to A$7 billion, while data and IP revenue fell 2.9% to A$2.8 billion.
The operator's plan to focus on network applications and services (NAS) paid off during the year, with NAS revenue growing 23.2% to A$2.4 billion. During the period the company launched its new NAS joint venture in Indonesia with Telkom Indonesia, named Telkomtelstra.
Telstra ended the financial year with 16.7 million retail mobile customers, 3.1 million fixed data customers and 6 million fixed voice users. The company was reselling 211,000 connections over the NBN by the end of June.