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General

TPG profit jumps 9%, cuts dividend amid mobile network rollout

Tuesday 19 September 2017 | 13:37 CET | News
Revenues for the 12 months to 31 July increased by 4.3 percent year-on-year to AUD 2.5 billion, following the full integration of the iiNet business that TPG acquired in 2015. Underlying earnings jumped 8 percent to AUD 835 million, exceeding the AUD 820-830 million guidance issued in April. TPG still cut its dividend from 7.5 cents per share to 2 cents.

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Categories: General
Companies: iiNet / TPG
Countries: Australia
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