TPG Telecom profit soars

Company News

TPG Telecom Limited (ASX:TPM) has recorded a 90 percent increase in net profit to $202.5 million in the half year ended 31 January 2016.
 
EBITDA for the period increased by 85 percent to $437.3 million.
 
The broadband provider forecasts underlying EBITDA for the group for the full year FY16 to be in the range of $770 to $775 million.
 
iiNet contributed EBITDA of $107.1 million for the five and a quarter months post acquisition.
 
TPG Telecom will pay an interim dividend of 7 cents per share, fully franked.

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