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TPG half-year profit: Telco swings to $734m profit


Pretax profit ($m) -86 v -280  
Net profit ($m) 734 v -280
Interim dividend 7.5c payable on April 14 
TPG Telecom has swung to an after-tax profit of $734 million in its first full-year result since merging with Vodafone Hutchinson Australia, thanks largely to a one-off tax credit that lifted the bottom line into the black.
The company said the $820 million tax credit arose due to historical tax losses that had accumulated on Vodafone’s balance sheet and were now able to be used.
TPG Telecom chief executive Iñaki Berroeta.  
Louie Douvis
Still, chief executive Iñaki Berroeta said TPG was primed to grow in the future owing to its new-found scale as a merged entity. ....

Inaki Berroeta , Tpg Telecom , Infinite Data , டப்க் தொலை தொடர்பு , எல்லையற்ற தகவல்கள் ,