Telstra's shares have gone down almost 9% after the declaration of its quarterly result. The company has informed that, it has suffered a decline in its net profit figure.

The net profit of the company is found out to be $3.88 billion for the quarter that ended on 30th of June of the current financial year. For the similar quarter in the previous financial year, it had posted a net profit of $4.07billion. There has been a decline of almost 4.7% in the net figure of the firm in the reviewed quarter against its year ago like period.

The analysts had earlier estimated that the company would reach a figure of $3.87billion for the June quarter this fiscal.

Telstra's revenue has also seen a drop in the current year in Q2. The revenue of the firm has been recorded at $24.92billion which was reported to be $25.51billion in the same period last year.

However, Telstra has decided to recommend a final dividend of 14cents for the financial year 2009-10.