TPG profit lifts 11% to $224M in 1H17

Company News

by David Chau

TPG Telecom (ASX:TPM) has released its first half results for the six months ended 31 January 2017.

Some of the highlights are the telco’s EBITDA rose 8% to $473.4 million, its NPAT was up 11% to $224 million, and its EPS lifted 8% to 26.4 cps.

TPG declared an interim dividend of 8cps, which is 14% higher than the previous year’s interim dividend.

These results were driven by the increased subscriber base of TPG’s recent acquisition, iiNet, as well as NBN and Fibre to the Building (FTTB) subscriber growth.

The directors of TPG reaffirmed their previous guidance that the company’s underlying EBITDA for the full year should be between $820-830 million.

This morning, TPG shares are tracking 5.14% higher at $6.96.

David Chau

Finance News Network
David joined FNN in April 2016. In addition to presenting the Market Outlook and latest business news stories, David interviews senior economists and CEOs of ASX-listed companies. Prior to working for FNN, David was a litigation lawyer.