Vodafone's revenue plummeted before TPG merger
Key Points
- Revenue ($m) 1540.0, down -10.6%
- EBITDA ($m) 531.0, down-8.9%
- Net profit ($m) 83.0, up-154.2%
- No interim dividend
Vodafone Hutchison Australia's revenue plummeted 12 per cent in the six months before the merger with TPG Telecom in late June, as the COVID-19 fallout and pre-existing problems caused the telco to lose mobile customers.
In the merged company's first set of half-year results, TPG Telecom reported a six month revenue of $1.5 billion, down 11 per cent on the previous period. Earnings before interest, tax, depreciation and amortisation fell 9 per cent to $531 million.
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