TPG Telecom Ltd
(ASX:TPM) has released its full year results for the last financial year, and they look quite impressive.
TPG's EBITDA was up 75% to $849 million. From that total, iiNet contributed $243 million. TPG’s takeover of iiNet last year boosted its market share to 27% of the broadband market, second only to Telstra.
TPG’s net profit also had an increase – up 69% to almost $380 million. Also, its EPS increased 61% to 45.3 cents per share.
The company has declared a final dividend of 7.5 cents per share – which brings its total full year dividend to 14.5 cents per share (fully franked). TPG says this is a 26% increase over its FY15 dividend.
Also, TPG is expecting its next EBITDA result be between $820m to $830 m – so there's some positive guidance for this financial year.
