Alternative Australian operator TPG Telecom has released its financial results for the first half of its 2013 financial year, revealing that net profit surged by 41% year-on-year in the six months to end-January 2013. In the period under review TPG posted a net profit of AUD78.3 million (USD81.6 million), up from AUD55.7 million in the same period of its previous fiscal year, on revenues that rose by 10% to AUD357.0 million. EBITDA in the six-month period stood at AUD153.6 million, representing a 16% increase against H1 2012.
In operational terms, at the end of January 2013 TPG’s consumer broadband subscriber base rose to 631,000, up from 567,000 a year earlier, with an increasing percentage of customers now signed up to on-net bundled services. At the end of the reporting period such subscribers numbered 287,000, representing 45% of the total customer base, up from 156,000, or 28%, at end-January 2012. Indeed, the telco noted that broadband average revenue per user (ARPU) – which stood at AUD48.68 in H1 2013 – was ‘continuing to trend higher as bundle plans form a larger proportion of the customer base’. Fixed voice subscribers meanwhile continued to rise, with TPG reporting 300,000 such accesses at the end of the reporting period, representing an almost 75% increase against the 156,000 it had at end-January 2012. Mobile take-up also continued apace, with TPG counting 303,000 such customers as at 31 January 2013.