Telstra product revenue up 1.1%

AUSTRALIA'S biggest telephone company reported annual revenue growth of 1.3% in the year to June, a company announcement said on Thursday.

The Telstra full financial year report said product revenue growth was up 1.1%, to $25,368million, on the back of a $679million surge in mobile sales, and $139million rise in Foxtel distribution and the Federal Government's National Broadband Network.

Once the nation's monopoly provider of landline telephone, the results show the huge increased take-up of mobile telephonic and internet devices, with the company now recording some 13.8million mobile customers, up 1.6million sales on the 2010-11 fiscal year.

But the report also said only low single-digit growth was likely for shareholders in 2013.

It also reported about $1.1billion in productivity benefits, while its international assets increased 7%, with a 27.3% fall in Chinese digital media offset by a 24.5% rise in "global connectivity" assets.

Topics:  nbn, telstra

Looking to sell your property? Post a Property online

Call 1300 136 181 or post your listing online now.

Join the Community.

Get your local news, your way.

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.