Telstra has delivered its results for the six months leading to December 2011, showing strong growth in operating revenue, EBITDA and net profit.

 

“Last year we recorded one of our best years for customer growth. This momentum has continued into the first half of fiscal 2012,” Chief Executive Officer David Thodey said 

 

The telco announced over a million new customers had joined its domestic mobile service and fixed broadband service, while also announcing 206,000 new customers on bundled multi-product plans, with the total bundled base now more than 1.2 million.

 

 

“Our superior networks and competitive offers are being recognised and valued by new and existing customers. We are also seeing improvement in Telstra’s customer service with TIO complaints down 24% over the year, though we still have more work to do.”

 

Highlights of the six month review include:

  • Total revenue increased by 1.1% or $136 million to $12,419 million
  • EBITDA increased by 3.7% or $170 million to $4,750 million
  • Net Profit After Tax increased by 22.9% or $274 million to $1,468 million
  • Capex to sales ratio of 13.8%, with accrued capital expenditure of $1,715 million
  • Free cash flow of $1,795 million

 

Mr Thodey confirmed the company is close to finalising its NBN transaction, with the ACCC yet to approve of the company’s Structural Separation Undertaking.

 

“Our strategy is unchanged. We will continue to focus on improving customer satisfaction, growing customer numbers, simplifying the business and taking advantage of new growth opportunities.” Mr Thodey said.