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.