TPG Telecom H1 Profit Rises, But Revenue Edges Down; Ups Dividend; Confirms EBITDA Outlook; Stock Up

TPG Telecom reported higher first-half profit, driven primarily by a drop in net financing costs. Total revenue declined slightly as handset and hardware sales fell. Overall, the earnings improvement appears supportive but is tempered by weaker top-line hardware demand.

Analysis

TPG Telecom reported higher first-half profit, driven primarily by a drop in net financing costs. Total revenue declined slightly as handset and hardware sales fell. Overall, the earnings improvement appears supportive but is tempered by weaker top-line hardware demand.