TPG Telecom Limited announced consolidated earnings results for the six months ended January 31, 2018. For the six months, the company announced revenue was $1,252.0 million compared to $1,241.8 million for the same period a year ago. Earnings before interest, tax, depreciation and amortization (EBITDA) was $418.2 million compared to $473.4 million for the same period a year ago. Results from operating activities were $298.1 million compared to $351.0 million for the same period a year ago. Profit before income tax was $279.5 million compared to $321.1 million for the same period a year ago. Profit for the period attributable to owners of the company was $198.7 million compared to $224.0 million for the same period a year ago. Basic and diluted earnings per share were 21.5 cents compared to 26.4 cents for the same period a year ago. Net cash from operating activities was $305.6 million compared to $360.1 million for the same period a year ago. Acquisition of property, plant and equipment was $149.4 million compared to $170.0 million for the same period a year ago. Acquisition of spectrum assets was $594.8 million compared to $108.3 million for the same period a year ago. Acquisition of other intangible assets was $47.5 million compared to $51.9 million for the same period a year ago. Underlying revenue was up 1.4% to $1,252.0 million. Underlying profit for the period attributable to owners of the company was up 4.9% to $217.7 million. Underlying earnings per share attributable to owners of the company (basic and diluted) were down 3.8% to 23.5 cents. Underlying earnings before interest, tax, depreciation and amortization (EBITDA) was up 0.1% to $418.2 million.

The company revised earnings guidance for the full year of fiscal 2018. In light of the first half performance the directors have upgraded the guidance for underlying EBITDA for the group for the full year fiscal year 2018 to now be in the range of $825 million to $830 million from previous guidance of $800 million to $815 million. BAU capital expenditure now expected to be $270 million to $310 million same as previous guidance.