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General

Optus revenues down on MTR cuts, profits improve

Thursday 12 May 2016 | 11:49 CET | News
Optus reported another year of EBITDA and net profit growth, and posted solid fourth quarter results, underpinned by strong increases in the Optus branded mobile customer base and revenue growth in the fixed broadband business. For the quarter ended 31 March, Optus' EBITDA increased 2 percent to AUD 739 million. Underlying net profit grew 10 percent to AUD 273 million. Operating revenue declined 9 percent due to the reduction in mobile termination rates, but with minimal impact on profitability.

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Categories: General
Companies: Australian Competition and Consumer Commission / Optus
Countries: Australia
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