TelstraClear lifts earnings by 18 percent ahead of sale to Vodafone

Wed, 08 Aug 2012

Aug 9 (BusinessDesk) - TelstraClear, the New Zealand phone company that Telstra has agreed to sell to Vodafone, lifted full-year earnings by 18 percent before an impairment charge on the business. Earnings before interest, tax, depreciation and amortisation climbed to A$99 million in the 12 months ended June 30, from $84 million a year earlier, according to Telstra’s annual results, released to the ASX today. Sales fell 2.3 percent to A$502 million. Vodafone last month agreed to buy TelstraClear, for $840 million, giving the British company...

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