Australia’s TPG Telecom has announced that its normalised net profit after tax surged by 46% in the year to end-July 2012 to AUD114.2 million (USD117.4 million), with that figure adjusted to exclude a AUD23.2m one-off tax expense. Recorded net profit for the telco stood at AUD91.0 million, up 16% year-on-year, with TPG reporting earnings before interest, tax, depreciation and amortisation (EBTIDA) of AUD261.4 million for the financial year, up 12% against FY10/11, and slightly above the top-end of its EBITDA guidance for the period
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OVETEL TPG reveals net profit jump in FY11/12
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