Optus' Q4 profit slips 7%

Wednesday 15 May 2013 | 03:09 CET | News
Australian communications provider Optus posted a profit of AUD 249 million in the fourth quarter ended 31 March, down 6.9 percent from AUD 267 million a year earlier. Net profit included the one-off AUD 13 million of ex-gratia charges from workforce restructuring announced in the quarter. Operating revenues fell 5.4 percent to AUD 2.17 billion versus AUD 2.30 billion in the year-ago quarter. The revenue decline was due partly to lower equipment sales as device subsidies were reduced, service credits associated with the device repayment plans implemented last year, and the lower mobile

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Categories: General
Companies: Optus
Countries: Australia
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