Australia's Telstra Group trimmed the upper end of its operating earnings forecast for fiscal 2024 on Thursday even as it reported an 11% jump in its…
(Reuters) -Australia's top telecom firm Telstra Group trimmed the upper end of its operating earnings forecast for fiscal 2024 on Thursday even as it reported an 11% jump in its first-half profit due to strong performance across its businesses. The company now expects underlying operating earnings for the year of A$8.2 billion ($5.32 billion) to A$8.3 billion, compared with the prior range of A$8.2 billion to A$8.4 billion, citing weak performance in its network applications and services (NAS) segment as business customers make fewer traditional voice calls. The Melbourne-based firm's first-half profit jumped 11.4% to A$964 million, helped by strong performance in its mobile, fixed line and infrastructure segments.
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