Telstra CEO Andy Penn says FY22 marks an “inflection point” for the company as it’s the last year it will see the “negative economic impact” of the transition to the NBN in its results.
This comes after the company today revealed full-year profit was down 4.6 per cent to $1.8 billion and total income was down 4.7 per cent to $22 billion, but it increased its final dividend for the first time in seven years to 8.5 cents a share.
“We’re really starting to see the underlying performance in the business coming through and that’s why the board has made the decision to increase the dividend to demonstrate that confidence,” Mr Penn told Sky News Business Editor Ross Greenwood.
