TPG sees net profit rise 41% as customer numbers climb

19 Mar 2013

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.

Australia, TPG Corporation (incl. iiNet, Internode and AAPT)