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Telstra tipped to post record profit

Stuart Corner
Saturday, 10 September 2005 15:29

IT Industry - Deals

Telstra will announce its full year results on Thursday, 11 August and analysts are predicting a record profit. Dow Jones reported that the average forecast from seven major brokerages was for a net profit to rise of around 5.6 percent to $4.35 billion, with estimates ranging from Smith Barney's $4.25 billion to JPMorgan's $4.49 billion. Telstra booked a net profit of $4.12 billion for the year to 30 June 2004.

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