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TPG Telecom delivers founder and billionaire David Teoh another payday

James Thomson
James ThomsonColumnist
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TPG Telecom executive chairman David Teoh has a $20.4 million reason to be pleased with his group's strong half-year profit result.

The reclusive Teoh, whose stake in the business is worth $3 billion, boosted TPG's interim dividend by 27 per cent to 7c, after interim net profit jumped 90 per cent to $202.5 million, beating some analyst expectations.

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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com

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    Original URL: https://www.afr.com/business/telecommunications/tpg-telecom-delivers-founder-and-billionaire-david-teoh-another-payday-20160321-gnnxx6