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Broadband

TPG reports declining FY profit, EBITDA

Tuesday 25 September 2018 | 08:23 CET | News
Australian operator TPG Telecom saw its net profit decline 4.6 percent year-on-year to AUD 396.9 million for 12 months ended 30 June 2018. Profit was mainly affected by declining NBN broadband margins and home phone revenue drop. Underlying profit was up 3.7 percent. EBITDA for the 12 months fell 5.6 percent to AUD 841.1 million, although underlying EBITDA was up 0.7 percent since the previous year. Revenue amounted to AUD 2.4 billion for FY18, almost flat year-on-year. TPG declared a final fully franked dividend of 2.0 cents, unchanged from last year, payable to shareholders on 20 November.

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Categories: Fixed
Companies: TPG
Countries: Australia
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