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.
Never miss an update
Enjoy this wire? Hit the ‘like’ button to let us know.
Stay up to date with my current content by
following me below and you’ll be notified every time I post a wire
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.
1 topic
Comments
Comments
Sign In or Join Free to comment