TPG Telecom (TPG) has delivered double digit revenue growth and an increased dividend on the back of a strong first half result

TPG Telecom (TPG) has delivered double digit revenue growth and an increased dividend on the back of a strong first half result. TPG increased revenue by 15% to $90.1 million compared to the same period in FY13. Earnings per share increased by 15% to 11.4cents, free cashflow increased by 25% to $103.1m and the interim dividend per share increased by 29% to 4.5cents. This has been driven by ongoing organic broadband subscriber growth as well as an increase in contribution per subscriber arising from continued tight cost control and an uplift in ARPU (average revenue per user) from subscribers to the Group's home phone bundle plans. he growth in 1H14 continued to be driven by TPG's 'ADSL2+ with Home Phone' bundle plans which grew by 61,000 subscribers in the 6 month period. TPG have upgraded FY14 EBITDA guidance from $290- 300m to a new estimated range of $325-330m. (VIEW LINK)


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