Optus Profit Up: Gains 384,000 Mobile Subscribers
Singtel-owned, Optus, has post a 2.8% increase in full-year profit to $817 million, following a surge in mobile and NBN customers.
For the 12 months to March 31st, Optus gained 384,000 mobile subscribers, and 225,000 NBN broadband customers.
Earnings jumped 3.9% to $2.77 billion, whilst revenue climbed 3.4% to $8.71 billion.
As previously reported, latest research from Roy Morgan claims Optus’ English Premier Rights (EPL) “definitively boosted” subscriber numbers over the last three years.
According to Roy Morgan, 20.9% of Aussies now use Optus as their main mobile provider, up 1.1% from three years ago.
The gains are more prominent for Australians who watch the EPL, with Optus’ mobile usage climbing 4% to 23.8% within the demographic.
Optus has retained its exclusive EPL broadcast rights for another three years, remaining the local provider until 2022.
Parent company, Singtel, post a 19% drop in Q4 net profit to $781 million, down from $963 million a year ago.
The Singapore-based company states quarterly results were affected by lower NBN migration revenues.
Singtel Group Chief, Chua Sock Koong, claims results reflect a strong digital transformation strategy, coupled with Optus’ growing market share:
“These results reflect the strong execution of our digital transformation strategy in both our core and new digital businesses”
“Optus gained market share in Australia underscoring its network and content strategy while our ICT and digital businesses now account for 24 per cent of revenue…”
Singtel earnings per share notched 33.4 cents, up from 23.96 cents the year before.