First Impressions Profit Report: Telstra Corporation (TLS) - FY15 result in line with consensus with profit down 1%

Telstra has guided to mid-single” digit revenue growth and “low-single” digit EBITDA growth in FY16e. Free cashflow is expected to be between $4.6bn-$5.1bn, and as previously disclosed, capex at 15% of sales on "increased mobile network investment". The company also noted that if the draft determination on Fixed Line Services were to be implemented from October onwards, FY16 will see an EBITDA reduction of up to $90m. Read the summary here: (VIEW LINK)