News - Thursday, February 11, 2010 9:00 - 0 Comments

Telstra churns its financial wheels

Telstra today unveiled a muted set of half-yearly financial results for the six months to December 31,, with revenue and earnings both slightly down, but free cash flow showing a spark spike upward.

According to statements issued to the Australian Securities Exchange this morning ahead of the company’s results briefing in Sydney, Telstra’s total revenue for the period sank 2.9 per cent compared with the same six months to the end of 2008. Total sales revenue was $12.34 billion.

Continue…