Oh, How The Money Rolls: TPG Banks $1.27bn, Up 31pc
Acquisition of AAPT from Telecom NZ helped drive
a full-year profit of $224.1 million, compared to $171.7 million a year ago.
(The results do not reflect the recent $1.6 billion acquisition of Australia’s
Total revenue was up 31 per cent at $1.27 billion for the 12 months to July 31.
Investors were apparently expecting more. Shares in TPG closed down 48 cents,
Yesterday’s price gives TPG a market cap of $7.94 billion. (In case you were