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Mobile, NBN customers buoy Optus profit

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May 17, 2018

Optus' full-year profit has risen 2.8 per cent to $817 million

Optus' full-year profit has risen 2.8 per cent to $817 million thanks to an increase in new mobile subscribers and national broadband network customers.

The Singtel-owned firm on Thursday said earnings for the 12 months to March 31 had grown 3.9 per cent to $2.77 billion while revenue had risen 3.4 per cent to $8.71 billion.

Driving the profit increase was continued growth in customer numbers, with Optus gaining 384,000 mobile subscribers and 225,000 NBN broadband customers in the 12 months.

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