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TPG Telecom posts 41% higher profit, ups dividend

TPG Telecom (ASX:TPM) has posted a net profit of $78.3 million, an increase of 41% for the half year to January 31st.

The board of directors has declared an increase to the interim FY13 dividend by 27% to $0.035 (fully franked).

The directors have upgraded the group’s FY13 EBITDA guidance from $263-273m to a new estimated range of $285-290 million.

Cashflow was again very strong; $160.0 million cash was generated from operations (pre-tax), and free cashflow for the half year was $86.0m