Telstra Says Turnaround Is On As Telco Sees Continued Sales And Profitability Decline
“We stayed disciplined on the execution of our T22 strategy through uncertain times, our hard work is paying off and the turnaround is here,” the CEO said. The numbers themselves make for much more sobering reading, with declines across the board continuing from last year and improvements few and far between. Overall revenue for the company was down almost 12% to AU$23.1 billion, earnings before interest, tax, depreciation, and amortisation (EBITDA) dropped by the same percentage to AU$7....