Telstra said it expects its profit over the next six months to be roughly in line with the past six months.
"No more forward looking forecasts, no more guarantees," Switkowski added.
Telstra said earlier it expected its profit for the year ended June 30, 2001 to match previously provided forecasts, with revenue growth of 3.4 percent and EBIT (earnings before interest and tax) growth of around 5.5 percent.
The telco giant said it has achieved its target of AU$550 million in cost cuts in 2000/01 ended June 30.
"That number had been delivered, probably a bit more than that," Switkowski said.
Telstra shares were trading down six cents at AU$5.34 at 2:15 pm, Friday.
