Optus reports net profit decline

Published: 10:57:39 AM, Wed 13 February 2013 UTC

Australia's number two telco, Optus, has posted a 9.2 per cent fall in third quarter net profit amid flat mobile subscriber growth.

Its parent company Singapore Telecommunications (SingTel) on Thursday said Optus' net profit for the three months to December 31 was $A160 million, down from $A177 million in the prior corresponding period.

At December 31, 2012, Optus had 9.565 million mobile subscribers, compared with 9.544 million at September 30, SingTel said in a statement.

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