TPG Telecom Limited (ASX:TPM) has improved its annual net profit and forecast earnings growth ahead.
The telecommunications company’s net profit grew 15 per cent to almost $172 million in the 2014 financial year.
Over the same period revenue soared 34 per cent to $971 million and EBITDA gained 24 per cent to $364 million.
TPG has partially attributed the result to strong organic growth across the company’s consumer and corporate divisions.
Looking ahead the company expects to generate EBITDA of between $455 million and $460 million over the 2015 financial year.
A fully franked final dividend of 4.75 cents per share has been declared, taking the full year payout to 9.25 cent per share.
