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TPG posts customer and profit growth
TPG posts customer and profit growth

Internet service provider TPG has lifted its full year profit by 16 per cent as it continues to grow its broadband and mobile customer numbers.

TPG today said its net profit for the year to July 31 was $90.9 million, up from $78.2 million in the previous year.

The company's broadband customer base grew by 47,000 to 595,000, and mobile customers grew by 54,000 to 255,000.

TPG's corporate business also posted strong earnings growth as it continued to expand its fibre network, which now connects to more than 1400 buildings, it said.

The company's earnings in the year to July were $261 million, up 12 per cent on the previous year.

TPG said it expected earnings to increase in its fiscal 2013 year, to between $263 million and $273 million.

The company declared a final, fully-franked dividend of 2.75 cents, up from 2.25 cents at the same time the previous year.