TPG dials-in record profits

Company News

by David Murdoch

TPG Telecom Limited (ASX:TPM) has reported its net profit after tax (NPAT) rose about 9 per cent on FY16 to $413.8 million for the 2017 financial year.

In more good news for TPG, its revenue strengthened over the 2017 financial year, and lifted almost 4 per cent on FY16 to $2.5 billion.

Its earnings before interest, tax, depreciation and amortization (EBITDA) increased 5 per cent on the prior year, to $890.8 million.

The company declared a final dividend of 2 cents per share for FY17.

Shares in TPG Telecom Limited (ASX:TPM) are trading up 3.64 per cent to $5.41.

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