EDGE 2015 is starting in

Find out more EDGE 2015
Menu
TPG sees $90.1m profit in first half of fiscal 2014

TPG sees $90.1m profit in first half of fiscal 2014

Interim dividend raised 29 per cent, AAPT purchase excluded from period’s financials

TPG Telecom finished the first financial half of 2014 (ended January 31) with a net profit after tax (NPAT) of $90.1 million, a 15 per cent increase over the previous corresponding period.

The Internet service provider’s (ISP) board of directors bumped the company’s fully-franked interim fiscal 2014 dividend up by 29 per cent to $0.045 per share, payable to shareholders on May 20 on the register at April 15.

TPG’s corporate business achieved earnings before interest, tax, depreciation and amortisation (EBITDA) of $64.5m for the period, including $5.6m of non-recurring benefits. The result marks a $11.9m (or 25 per cent) increase from the first half of the 2013 financial year.

Meanwhile its consumer division’s EBITDA jumped $14.4m (or 17 per cent) to $100.2m, including $1m of non-recurring benefits. TPG’s consumer broadband subscriber base grew by 36,000 in the half year, attributed to its ADSL2+ with Home Phone bundle plans which gained 61,000 subscribers in the period. Standalone on-net customers dropped by 16,000, while off-net subscribers fell by 9,000.

On December 8, 2013, TPG announced it would purchase AAPT from Telecom NZ for $450m. The deal was completed in late February and therefore had no impact on its financials for the first half of fiscal 2014.

RELATED: Telecom completes $A450m sale of AAPT to TPG

TPG’s board has upgraded its fiscal 2014 EBITDA guidance (excluding AAPT) from between $290m and $300m to a new estimated range of $325m and $330m. AAPT is expected to contribute EBITDA of between $15m and $25m for the first five months from data of acquisition to July 31.

EDGE 2015:: For all the latest on EDGE 2015 including the keynote speakers visit the EDGE mini-site now

Follow Us

Join the ARN newsletter!

Error: Please check your email address.

Tags aaptInternet Service ProviderTPGfinancialsacquisitionISPTelecommunicationsTelecom NZ

Upcoming

Slideshows

In Pictures: 7 things we hate about Twitter

In Pictures: 7 things we hate about Twitter

You probably either love Twitter for its quirkiness and brevity or see it as a pointless waste of time. After nearly a decade on the social scene, Twitter still needs to improve its user experience and fill in notable gaps in the service. These seven problems are long overdue for a fix.

In Pictures: 7 things we hate about Twitter
IN PICTURES: EDGE 2015 - Sponsor Briefing

IN PICTURES: EDGE 2015 - Sponsor Briefing

With EDGE 2015 rapidly approaching, ARN and Reseller News NZ held a Sponsors Briefing where ARN publisher and president, Susan Searle, and Events Manager, Alexandra West, ran through the considerable logistics in detail. Attendees then enjoyed some splendid canapes and drinks. EDGE is designed to bring the A/NZ channel together in a collaborative and educational environment. Themed around channel channel leadership, EDGE will be held at the Sheraton Mirage, Port Douglas, July 20-23. Photos by MIKE GEE.

IN PICTURES: EDGE 2015 - Sponsor Briefing
In Pictures: Robots that cook, clean, sing and dance

In Pictures: Robots that cook, clean, sing and dance

Cooking, learning language and doing the laundry are a few of the human skills demonstrated by.real humanoid bots featured in the National Geographic movie Robots.

In Pictures: Robots that cook, clean, sing and dance

iasset.com is a channel management ecosystem that automates all major aspects of the entire sales, marketing and service process, including data tracking, integrated learning, knowledge management and product lifecycle management.

Show Comments