TPG Telecom Limited (ASX:TPM)
has boosted its annual earnings forecast after reporting interim profit growth.
The telco’s net profit rose 18 per cent to $106.7 million in the first half of the 2015 financial year while revenue rose 59 per cent to $627 million.
Looking ahead the company expects to generate EBITDA of between $480 million to $483 million over the full 2015 financial year.
The results come just week after iiNet Limited’s (ASX:IIN)
board backed a takeover offer from TPG Telecom which has since run into some opposition.
A fully franked interim dividend of 5.5 cents per share has been declared.