TPG 1H FY12 earnings $55.7m

TPG Telecom Limited wholesales bandwidth and other telecommunications services. The Company also delivers a full range of telecommunications products and services to home and business consumers through its retail operations.

Telecommunications Stocks TPG announced its 1H FY12 earnings, showing a net profit of $55.7 million a 65% increase on the prior corresponding half. The results beat analyst expectations.

Revenue grew 17% to $324.5 million over the same period.

The company said that the growth continued to be driven by its home bundle plans, which grew by 49,000 in the half.

The company declared a 2.75 cent per share dividend, fully franked.

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