Telstra reports $1.8bn profit, a 13% drop, as price rises loom for mobile customers

Results largely driven by strong performance in mobile business and CEO says company is aware of cost-of-living pressures

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Telstra has reported full-year profits of $1.8bn off the back of a strong performance in its mobile business, just a month after announcing price rises for mobile plans of up to $4 a month during a cost-of-living crisis.

Profits were down 13% at Australia's largest telecommunications company, as it reported $23.5bn in total income for the 2024 financial year, with earnings before interest, tax, depreciation and amortisation of $7.5bn.

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