TPG Telecom Limited announced unaudited preliminary consolidated earnings results for the year ended July 31, 2017. For the year, the company reported revenue of $2,490.7 million against $2,387.8 million a year ago. EBITDA was $890.8 million against $849.4 million a year ago. Results from operating activities were $646.4 million against $597.4 million a year ago. Profit before income tax was $595.5 million against $514.1 million a year ago. Profit attributable to owners of the company was $413.8 million against $379.6 million a year ago. Earnings per share were 47.9 cents per share against 45.3 cents a year ago. Net cash from operating activities was $722.7 million against $620.4 million a year ago. Acquisition of property, plant and equipment was $299.9 million against $246.9 million a year ago. Acquisition of intangible assets was $276.4 million against $34.1 million a year ago. Underlying EBITDA was $835.0 million against $775.3 million a year ago. Underlying NPAT was $417.3 million against $361.0 million a year ago. Underlying EPS increased by 12% to 48.3 cents per share. The Group's fiscal year 2017 capital expenditure was $576.3 million included $207.5 million of mobile spectrum purchases. Other fiscal year 2017 capital expenditure of $368.8 million was $100 million higher than the prior year driven by (i) an acceleration in the fibre expansion for the Vodafone fibre contract which is on schedule to be completed on time and within budget during FY18, and (ii) the acquisition of additional international capacity.

For fiscal year 2018, the company expects underlying EBITDA to be in the range of $800 million to $815 million. The company expects BAU capex of $270 million to $310 million. The fiscal year 2018 `BAU capex' guidance above includes the final expenditure for the Vodafone fibre contract.