Australia’s TPG Telecom has announced that its normalised net profit after tax surged by 46% in the year to end-July 2012 to AUD114.2 million (USD117.4 million), with that figure adjusted to exclude a AUD23.2m one-off tax expense. Recorded net profit for the telco stood at AUD91.0 million, up 16% year-on-year, with TPG reporting earnings before interest, tax, depreciation and amortisation (EBTIDA) of AUD261.4 million for the financial year, up 12% against FY10/11, and slightly above the top-end of its EBITDA guidance for the period.
Turnover for the twelve months ended 31 July 2012 stood at AUD663.1 million, representing a 15% increase against the previous fiscal year, with revenues from its consumer operations rising from AUD374.2 million to AUD403.2million, while corporate turnover rose to AUD259.9 million (AUD200.3 million in FY10/11). In the consumer arena broadband services remained the largest revenue generator by some margin; in the year to end-July 2012 broadband accounted for 83.8% of all consumer revenues, up from 79.9% a year earlier.
In operational terms, at the end of July 2012 TPG had a total broadband subscriber base of 595,000, up from 548,000 a year earlier, while it continued to increase the proportion of its customers that were ‘on-net’; such accesses represented 83.5% of its total broadband customers at the end of the reporting period, compared to 79.4% a year earlier. The operator, meanwhile, also highlighted growth in broadband average revenue per user (ARPU), which it said stood at AUD48.15 in the second half of its 2011/12 financial year, up from AUD47.10 in H2 2010/11 due to bundle plans forming a larger proportion of the customer base. Fixed voice subscribers totalled 235,000 at end-July 2012, up from 125,000 a year earlier, while mobile voice accesses increased to 255,000, up from 201,000.