Telstra Corporation Limited (ASX:TLS) confirmed that its FY20 results are in line with the guidance. The total income, NPAT and EBITDA are as per the market expectations. TLS has noted a strong growth in various mobile services.
A good progress was made towards the T22 Strategy during the year. Presently, it is over halfway through.
TLS declared a final dividend of 8 cents, bringing the total dividend to 16 cents per share. Further, the company is on track to achieve A$2.5 billion net cost reduction target in FY2022.