Optus says its net profit was down 32 per cent to $105 million in the three months to June 30 as it invested in improvements to its mobile network.
Revenue was up 3.3 per cent to $2.25 billion while its earnings before interest, tax depreciation and amoritsation (EBITDA) was up 4.7 per cent to $687 million.
Optus chief executive Allen Lew said the company, a subsidiary of SGX-listed Singtel Group, had improved customer growth in the face of a “challenging competitive market”.
Optus’ consumer division reported that operating revenue had grown 8.2 per cent to $146 million, with higher equipment sales partially offset by increased numbers of SIM-only customers and data price competition.
Optus said its prepaid handset subscriber numbers dipped 9.5 per cent to 3.37 million, while its postpaid subscribers were up 7.5 per cent to 5.73 million.
Customers on data-only SIMs grew 6.1 per cent to 1.18 million.
Its average revenue per user was down 8.2 per cent to $29 a month.
Optus’ NBN customer base grew by 151,000 year on year, bringing its broadband customer base to 646,000.
Optus said it was investing in its 4G and 5G mobile network, with 7,450 4G sites and 100 5G sites operational.