<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national" rel="" target="_blank" title="Australia's"><span>Australia's</span></a><span> largest telco has recorded more than $1 billion in profit in the first half of the </span><a href="https://www.9news.com.au/finance" rel="" target="_blank" title="financial"><span>financial</span></a><span> year.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/telstra" rel="" target="" title="Telstra"><span>Telstra</span></a><span> announced its half-yearly results today, showing it had made an 8.1 per cent profit in the first half of the financial year, totalling $1.2 billion.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The company claimed the growth, which was higher than expected, was off the back of "strong momentum" across the business.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>WATCH:</span></strong><span> </span><a href="https://www.9news.com.au/national/jacinta-allan-victorian-politics-press-conference/12df32cd-89a9-4519-92f3-b720af474846" rel="" target="_blank" title=""><strong><span>'I'd ask that you retract that': Jacinta Allan's angry clash with reporter</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We delivered ongoing growth in earnings," CEO Vicki Brady said, "reflecting… strong cost control and disciplined business management."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The profits came despite income from items being sold by the company falling by $132 million.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE:</span></strong><span> </span><a href="https://www.9news.com.au/national/canberra-dissent-bar-and-cafe-investigated-for-hate-crime-breaches-over-parody-art-posters/35d7d377-46e4-4f71-a842-27ed6c96c05e" rel="" target="_blank" title=""><strong><span>Aussie bar being investigated under new hate laws over 'parody' posters</span></strong></a></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/telstra-profit-financial-year-2000-jobs-cut/d0e5e833-887b-4829-ad7f-6ad8c9ac9b10" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Telstra said they had decreased their labour expenses by 5.8 per cent, saving $118 million.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Much of this has come from a reduction in the workforce, with the company saying it had shed 2356 jobs in 2025.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>EXCLUSIVE:</span></strong><span> </span><a href="https://www.9news.com.au/national/davide-vulpis-tragic-twist-after-sydney-chef-dies-in-motorbike-crash-in-bali/b92349bc-dc86-41b0-b187-f61cd411cd74" rel="" target="_blank" title=""><strong><span>Tragic twist after Sydney chef dies in Bali</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Over 1000 of these have come in the last half of the year, meaning Telstra's workforce has been reduced by 7.4 per cent.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The company </span><a href="https://www.9news.com.au/national/telstra-proposes-mass-job-cuts-from-across-the-business/3de744d7-b9a7-4300-a837-f27e70665849" rel="" target="_blank" title="cut"><span>cut</span></a><span> around 550 jobs in one go in July, citing "improvements to the structure and processes of other teams across our organisation."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Telstra's share price rose in response to today's news, rising around four per cent to $5.20 at the time of writing.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><em><strong><span>NEVER MISS A STORY: Get your breaking news and exclusive stories first by following us across all platforms.</span></strong></em></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><ul><li><p><em><strong><span>Download the 9NEWS App here via</span></strong></em><span> </span><a href="https://apps.apple.com/au/app/9news/id1010533727"><em><strong><span>Apple</span></strong></em></a><span> </span><em><strong><span>and</span></strong></em><span> </span><a 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