Australia's Telstra posts nearly 7% rise in first-half profit, announces $476 million buyback

Reuters

2025/02/20

Feb 20 (Reuters) - Australia's Telstra TLS.AX on Thursday reported a 6.5% rise in its half-year profit and announced a A$750 million ($475.88 million) buyback, as the country's top telecom company benefited from strong performance across its segments.

The company's net profit attributable was A$1.03 billion, compared with A$964 million a year ago.

($1 = 1.5760 Australian dollars)

(Reporting by Sameer Manekar and Sneha Kumar in Bengaluru; Editing by Shilpi Majumdar)

((Sameer.Manekar@thomsonreuters.com;Sneha.Kumar@thomsonreuters.com;))

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