In its recent financial results Optus has fared very well increasing its total customer base to over eight million, in addition to very positive news in terms of overall company revenue and profit.
In its first quarter financial results issued by Optus’ parent company, Singapore Telecommunications Limited (SingTel), Optus witnessed a strong opening quarter with a 12 per cent increase in operating revenue to $2.20 billion and continued strong growth in mobile revenue from a customer base now exceeding eight million.
In addition to this overall EBITDA grew 2.1 per cent to $505 million and net profit also demonstrated a 13 per cent increase to $139 million. Free cash flow was also in the black with a growth of 19 per cent to $139 million.
“Optus has had a strong start to the financial year, accelerating our momentum with significant customer acquisitions across the mobile, consumer and business divisions,” said Paul O’Sullivan, Optus chief executive.
“Optus achieved revenue growth across its networks despite the slowdown experienced in the Australian economy.”
O’Sullivan commented further about the dramatic increase in customers for the telco.
“Optus’ unwavering commitment to innovation and providing value to customers is reflected in the double digit mobile customer growth of 11 per cent and stellar growth of 14 per cent in mobile service revenue,” he said.
“Optus will keep investing in key growth areas as we continue protecting our strong scale position in mobile and winning high value customers.”