Telstra stays with profit guidance
Telstra Corporation (ASX:TLS) announced its financial guidance remains the same despite the telecommunication company's exclusion from the National Broadband Network (NBN).
Telstra chief executive Sol Trujillo, said, "I want to confirm that there is no change to our financial guidance as a result of Telstra's exclusion from the NBN RFP (request for proposals) process," he said in a conference in the US today.
"For FY09 (the 2009 full year) we expect continued robust growth at the top line, coupled with further EBITDA (earnings before interest, tax, depreciation and amortisation) margin expansion," Mr Trujillo said on Thursday.
"We are on track for our $6-7 billion FCF (free cash flow) target in FY10 (the 2010 full year)."
Telstra shares closed 7 cents lower at $3.69.









