First Impression: Telstra Corp-TLS- FY16 Result
Net operating cash flow down 2% to $7404m. Telstra also announced it would return up to approximately $1.5 billion of capital to shareholders, comprising a $1.25 billion offmarket share buy-back and $250 million on-market share buy-back. These are expected to be funded from Telstra’s surplus cash and accumulated profits including the recent sale of Autohome shares.
Follow Bell Potter’s wires
1 topic
Stockbroker
Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.
Expertise
most popular
Equities
The quirky trend to add to your recession ready portfolio
Sara Allen,
Livewire Markets
Equities
Signs of the bottom
Ally Selby,
Livewire Markets
Equities
Is another CSL hiding on the ASX?
Sara Allen,
Livewire Markets