TPG Telecom’s profits fall 11 per cent on HY17

Company News

by Anna Napoli

Telecommunications company TPG Telecom (ASX:TPM) has reported its net profit after tax (NPAT) fell about 11 per cent to $199 million for the half year to January 2018.

Revenue lifted by 0.8 per cent on the same period the previous year to $1.25 billion.

TPG’s earnings (EBITDA) decreased 12 per cent to $418 million, however the company reported a rise of 0.1 per cent in underlying earnings.

The company declared a final dividend of 2 cents per share fully franked.

The telco has increased its underlying earnings (EBITDA) guidance for the 2018 financial year to a range of $825-830 million from $800-815 million.

Shares in TPG Telecom (ASX:TPM) are trading are 1.82 per cent lower to $5.93.

Anna Napoli

Finance News Network
Anna joined FNN February 2018 and also works with Channel 7 as a freelance producer. Anna has also worked as a lawyer and lecturer. She has also presented news updates for interstate news with Southern Cross Austereo.