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Optus quarterly profit jumps 39%

Friday 9 February 2018 | 10:07 CET | News
Australian operator Optus posted operating revenue growth of 5 percent year-on-year to AUD 2.3 billion for the quarter ended 31 December 2017. During the quarter, Optus posted a record postpaid handset customer growth of 127,000. This was slightly offset by a 29,000 decline in prepaid customers. Mass Market Fixed operating revenue grew 21 percent, following an increase of 65,000 NBN customers and higher NBN migration payments during the quarter. Optus now has 416,000 NBN broadband customers. Net profit for the quarter rose 39 percent to AUD 262 million.

Quarterly EBITDA grew by 5 percent. Whilst revenues declined in the quarter, this largely resulted from the timing of ICT projects, the company said. Mobile revenue increased 9 percent due to record mobile net additions in the quarter, with higher carriage and mobile applications revenue. Free cash flow for the quarter was AUD 203 million, up AUD 225 million from the prior year mainly due to higher EBITDA, lower quarterly cash capex and lower cash tax payments.

During the quarter, Optus added 100 new mobile sites and deployed its 7,000th site. The Optus 4G mobile network now reaches 96.6 percent of the Australian population.



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