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General

Optus' Q2 revenues slide 5%, profit grows 33%

Thursday 14 November 2013 | 23:43 CET | News
SingTel Optus posted a second quarter net profit of AUD 218 million, up 33 percent from AUD 164 million in the year-ago period. However, revenues were down 5 percent to AUD 2.12 billion from AUD 2.24 billion, but EBITDA rose 15 percent to AUD 644 million. EBITDA margin improved to 30.4 percent from 25.0 percent a year earlier. Optus said that cost saving initiatives reduced operating expenses by AUD 202 million and offset the continuing trend of both lower breakage and roaming revenues, and early termination fees. Optus ended the quarter with 9.50 million mobile subscribers, down from 9.54

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Categories: General
Companies: Optus / SingTel
Countries: Australia
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