The company (TPM) posted a net profit of $224.1 million for the year to July 31, a 31 per cent increase on the previous year’s $171.7m.

The result marks the seventh consecutive year of strong growth for the Australian telecommunications company.

Just before 12.30pm (AEST) TPG shares were 2.2 per cent lower at $10.25, against a benchmark index lift of 0.5 per cent.

Revenue in the full-year rose 31 per cent to $1.271 billion.

Last month, the ACCC gave the green light to the $1.6 billion tie up of TPG Telecom and iiNet, paving the way for the creation of the nation’s second biggest fixed-line internet provider, behind Telstra.

Shareholders in iiNet overwhelmingly approved the takeover, which saw TPG acquire all of the iiNet shares that it did not already own.

Executive chairman David Teoh said the company expected continued organic growth in fiscal 2016, but warned it was not possible to “forecast with sufficient certainty” financial results given the recent completion of the iiNet acquisition.

As such, no specific guidance was provided for fiscal 2016.

TPG will pay a fully franked final dividend of 6c per share on November 17 to shareholders on the register at October 13.

This brings the total dividend payments for the year to a fully franked 11.5c per share, an increase of 24 per cent over the year.