18 Dec 2009

Telstra cuts sales forecast

12:16 pm on 18 December 2009

TelstraClear's parent company Telstra, has cut its forecast for sales revenue in the 2010 financial year, citing strong domestic competition and a high Australian dollar.

Telstra says it expects sales revenue to be flat, compared with its previous forecast of low single-digit growth.

But it maintains its forecast for earnings before interest and tax to grow in the low single digits, and expects to achieve its 2010 free cashflow target of $A6 billion.