The sale of Telstra’s CSL Hong Kong mobile business has slightly impacted the telco’s income and profit figures for the 2015 financial year ending June 30.
Total income for FY15 was $26.6 billion down from $26.8 billion in the previous year, and net profit fell slightly from $4.27 billion to $4.23 billion.
Revenue increased from $25.32 billion to $26.02 billion.
Telstra sold the CSL Hong Kong mobile business in May 2014 and the telco’s FY14 total income included $561 million profit from the sale as well as $1.04 billion in revenue from 10 months of CSL trading.
“This is our first full financial year operating without the CSL Hong Kong mobile business. As a result, our reported income and profit numbers are impacted on a comparative basis. However, excluding the profit from sale and operational impacts of CSL, our business continued to perform strongly,” Telstra CEO, Andrew Penn, said.
On a guidance basis, and excluding CSL operating results, Telstra’s total income was up 6.6 per cent to $26.3 billion and EBITDA was up 4.5 per cent to $10.8 billion.
The telco has also increased its final dividend to 15.5 cents per share fully franked, bringing the total dividend to 30.5 cents per share, bringing $3.7 billion to shareholders.
Penn said its performance reflected its focus on three strategic pillars including improving customer advocacy, driving value from the core and building new growth businesses.
“We continued to attract new customers with the net addition of 664,000 retail mobile customer services and 189,000 retail fixed broadband customers during FY15,” Penn said.
The telco recently revealed plans to increase its mobile network investment, pouring in an additional half a billion dollars for mobiles in the next two years.
“In total, over three years to June 2017, we expect to have invested more than $5 billion into Telstra’s mobile network,” he said.
The past financial year has seen Telstra build its acquisition pipeline with its $856 million Pacnet purchase, to help expand its business into the Asia Pacific market.
“This acquisition increased the scale and capability of our fixed infrastructure, network density and coverage across the region, as well as our customer base and operational capability,”Penn said.
Telstra's Network, Applications and Services (NAS) arm revenue jumped 23 per cent to $2.41 billion during FY15.
It added to its acquisition arsenal in October last year with the purchase of Queensland-based Bridge Point.
Penn said the acquisitions within its NAS arm have enabled them to expand its market reach through providing Cloud, unified communications, and managed network services for large companies, enterprise, government and increasingly SMBs.
"If we see other opportunities to do further things like that and acquire further capabilities to support that, then we will," he said.
In FY 16, Telstra expects to deliver mid-single digit income growth and low-single digit EBITDA growth.