Telstra's share price has slipped more than two per cent despite a surge in annual profit, as a closer look at the books cuts a less impressive figure.
Telstra reported a bottom-line net profit of $2.3 billion for 2024/25, up 31 per cent from $1.8 billion in the previous financial year, when the telco took a more-than $715 million hit from restructuring costs in its enterprise business.
