Optus lifts full-year profit 2.8% to $817m

Optus has lifted its full-year profit to $817 million, underpinned by the addition of 384,000 new mobile subscribers and 225,000 new NBN customers.

Optus' full-year profit has risen 2.8 per cent to $817 million thanks to an increase in new mobile subscribers and national broadband network customers.

The Singtel-owned firm on Thursday said earnings for the 12 months to March 31 had grown 3.9 per cent to $2.77 billion while revenue had risen 3.4 per cent to $8.71 billion.

Driving the profit increase was continued growth in customer numbers, with Optus gaining 384,000 mobile subscribers and 225,000 NBN broadband customers in the 12 months.