In a somewhat surprising display of generosity, Telstra has paid out more as dividends to its shareholders compared to its net profit for the year 2019-20.
Global ratings agency S&P Global Ratings says Telstra needs to remain focused on implementing its T22 strategy as headwinds gather, after the telco revealed a slump in profits for 2019-20 due to the ongoing pandemic and the bushfires in summer.
Telstra has suffered a 14% drop in profits with the telco putting the decline down to pressure put on it by the the coronavirus pandemic and the national bushfire crisis.
Quite an interesting range of views.
The RIAA is about to be schooled in the Streisand Effect.
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