Optus has reported a strong first quarter with a 13 per cent increase in profit thanks to sales of the Apple iPhone and other smart phones.
Net profit for the three months to June rose to $139 million compared to $122 million in the June quarter 2008.
The company, a subsidiary of Singapore Telecommunications Ltd (ASX:SGT), says operating revenue rose 12 per cent to $2.2 billion.
Singtel reported a 10 per cent increase in net profit to $785 million.
Optus CEO Paul O’Sullivan says the company had a strong start to the financial year, accelerating its momentum with significant customer acquisitions across the mobile, consumer and business divisions.
Looking back over the past five years of results, Singapore Telecommunications profit highlight was in 2006.
