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.
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