Telstra sweetens dividend on $4.3b profit
Telstra has reported a better-than-expected 14 percent rise in full year profit to $4.3 billion.
The company's revenue is up 3.5 percent, and dividend on shares is 15 cents.
Telstra is projecting free cash flow of between $4.6 and $5.1 billion dollars in the 2015 financial year.
The news comes a day after the Commonwealth Bank posted a full-year cash profit of $8.7 billion, setting an Australian record.
Australia's biggest lender lifted its cash profit 12 per cent for the year to June 30, delivering the largest profit ever posted by an Australian bank.
But with interest rates set to go up in the next year, analysts question whether the bank can continue to deliver that kind of growth.
For his part, chief executive Ian Narev, was cautiously optimistic on the outlook.
"We're still fundamentally quite positive, although aware of the fact that there are some risks to the downside as there are some opportunities to the upside," he said.
"I do think we are in an environment, particular in terms of the global environment, where significant uncertainty still exists and I think as the head of a financial institution we need a degree of conservatism."
Morning news break – August 14
