TPG Telecom Limited announced consolidated earnings results for the half year ended January 31, 2017. For the period, the company reported revenue of AUD 1,241.8 million against AUD 1,153.0 million a year ago. EBITDA was AUD 473.4 million against AUD 437.3 million a year ago. Results from operating activities were AUD 351.0 million against AUD 311.9 million a year ago. Profit before income tax was AUD 321.1 million against AUD 265.0 million a year ago. NPAT was AUD 224 million against AUD 202.5 million a year ago. Earnings per share were 26.4 cents per share against 24.5 cents a year ago. Underlying EBITDA was AUD 417.6 million against AUD 368.8 million a year ago. Underlying NPAT was AUD 207.5 million against AUD 162.3 million a year ago. Underlying EPS increased by 25% to 24.5 cents per share. Net cash from operating activities was AUD 360.1 million against AUD 273.7 million a year ago. Acquisition of property, plant and equipment was AUD 170.0 million against AUD 125.4 million a year ago. Acquisition of intangible assets was AUD 160.2 million against AUD 8.0 million a year ago. Capital expenditure was AUD 330.2 million comprised AUD 108.0 million in relation to Singapore and AUD 222.2 million in relation to the Australian business, up from AUD 133.4 million for the previous corresponding period. This increase was driven by acceleration in the fibre expansion for the Vodafone fibre contract which is running to schedule and within budget, and the acquisition of additional international capacity. The Group's underlying NPAT grew by AUD 45.2 million due primarily to the EBITDA growth plus a AUD 17.0 million (pre-tax) decrease in net financing costs due to a reduction in the quantum and cost of the Group's bank debt.

For 2017, the company expects underlying EBITDA to be in the range of AUD 820 million to AUD 830 million.