Phone carrier Optus has reported a 16% jump in profit for the year and says the fourth quarter was its strongest in five years for new mobile customer additions.
For the 12 months to March 31, 2010 Optus delivered profit of $676 million and its strongest free cash flow in five years, with full-year free cash flow exceeding $1 billion.
Revenue during the period rose 8% to $8.95 billion, with operational earnings before interest, tax depreciation and amortisation up 4% to $2.15 billion.
For the fourth quarter the company added 240,000 new mobile customers, its strongest quarterly performance in five years, bringing new additions for the year to 709,000.
CEO Paul O’Sullivan says Optus’ strategy to provide innovative, value drive offers as well as exceptional customer experience is clearly reaping results with six consecutive quarters of double-digit mobile service revenue growth.
The Telco’s parent company, Singapore based Telco Singapore Telecommunications Ltd (ASX:SGT), also posted a strong result with revenue up 25% to S$4.47 billion, and profit up 13% to S$3.9 billion.
Taking a look at the company’s results last year, Singapore Telecommunications earned $3.3 billion for the year to March 30, 2009.
