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Telstra H1 Profit Up 8.8%

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Telstra (OTC: TLSYY) reported an 8.8% rise in its first-half net profit.

Telstra's net profit for the period surged to 1.6 billion Australian dollars (US$1.65 billion), from A$1.47 billion, in the year-ago period. However, analysts were expecting a profit of A$1.59 billion.

Telstra shares closed at $23.69 yesterday.

 

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