Optus profit slides

Company News

Singapore Telecommunications Limited (ASX:SGT) owned Optus saw net profit decline to $249 million for the quarter ended March 31.
 
That was down 6.9 per cent from $267 million reported for the same period a year ago.
 
Optus says it will continue its transformation strategy to deliver sustainable growth.
 
Chief Country Officer Kevin Russell says Optus is positioning itself to capitalise on mobile data revenue growth and enhancing its 3G and 4G network investments.
 
The company says it’s restructuring its retail network and online capability and has also flagged a workforce restructure to drive productivity.
 
Singtel generated a net profit of $3.05 billion for its 2012 fiscal year.