Telstra (ASX:TLS) has pipped expectations with a net profit up by 12.9% to $3.8 billion for the year to 30 June 2013, on revenue of $26 billion, which was 1.8% higher.
The all important fully-franked dividend for the second half of 2012-13 was maintained at $0.14 per share, total for the full-year dividend is $0.28 per share. This would provide a dividend yield of 5.5%, and higher for the franking depending on individual tax rates.
Mobile was the star adding 1.3 million new domestic customers to 15 million customers while fixed line customers fell again by 2.7%.
The result by Telstra is solid and should see the share price continue to be well supported and may rise today.