9 Feb 2012

Improved earnings for TelstraClear

11:59 am on 9 February 2012

TelstraClear has reported improved earnings in the final six months of 2011.

The Australian-owned phone company made gross earnings of $69 million in the six months to the end of December, 11% more than in the same period a year earlier.

Operating expenses fell by 8%, but revenue fell 4% to $339 million, because of the Christchurch earthquakes and regulated price decreases for mobile phone calling.

Parent company Telstra reported its profit rose by more than a fifth to $A1.5 billion as an increase in mobile subscribers offset a fall in sales at its Yellow Pages Sensis business.