Telstra Investor Day Update

Telstra management reconfirmed FY19 guidance and flagged that
‘good’ subscriber momentum had continued into FY19.

FY20 revenue remains flat at $24bn, EBIT flat $4bn, net earnings flat at $2.5bn, EPS $0.21 and dividends per share of $0.14. This places TLS on a forward yield of 5.2%.

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