(Reuters) – Australia’s top telecom firm Telstra Group posted a near 16% drop in its full-year profit on Thursday, as growth in its mobile segment was outweighed by weak performance of enterprise and wholesale businesses.
The company said its profit attributable was A$1.62 billion ($1.07 billion) for the year ended June 30, compared with A$1.93 billion a year ago and the Visible Alpha consensus estimate of A$2.00 billion.
($1 = 1.5161 Australian dollars)
(Reporting by John Biju and Himanshi Akhand in Bengaluru; Editing by Shilpi Majumdar)
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