Company News Summary
TPG Telecom Provides HY17 Results Commentary
Original announcement: HY17 Results Commentary
TPG Telecom announced record results for its half year ended 31 January 1H 2017. The EBITDA for the period increased by 8% to $473.4m. The NPAT for the period was $224.0m, an increase over 1H2016 of 11%. The Group delivered another cashflow result in 1H2017 with $434.8m cash generated from operations (pre-tax). The Group's 1H2017 Capital Expenditure of $330.2m comprised $108.0m in relation to Singapore and $222.2m in relation to the Australian business, up from $133.4m for the pcp. In light of the Group's cashflow and earnings growth, the Board of Directors has declared an increase to the interim FY2017 dividend by 14% to 8.0cps (fully franked), payable on 23 May 2017 to shareholders on the register on 18 April 2017.
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