10-year-old 2degrees, which first made it into the black in 2016, is continuing on its modest growth trajectory.
The telco made a net profit of $19.6m for the 12 months to December 31, 2018, according to a Companies Office filing posted today - a 2.6 per cent increase on the $19.0m net profit it booked for 2018.
Revenue rose 10 per cent to $805m from the year-ago $733m.
Ebitda was not included as a line item, but 2degrees says operating earnings increased to $131m from the year-ago $119m.
2degrees says a highlight was a 9 per cent increase in customers on contract, but its prepay subscribers sank 6 per cent - in part because of the closure of its 2G network.