ASX falls as Telstra losses lead declines
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Telstra (TLS) maintains dividend despite profit drop on NBN headwinds
Australia’s largest telco has released full year profit results in-line with its own company guidance. Compared to the same time last year, net profit fell 14.4% to $1.8 billion with total income slipping by 5.9% to $26.2 billion. Despite the drop in profit, TLS has maintained its final dividend.