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Interim Results

Telecom Plus hikes H1 pretax profit

24 November 2015 09:22

Telecom Plus has booked an improved H1 underlying profit on increased revenue. It hiked its interim dividend.

Financial highlights:

- Revenue up 10.8% to £294.0m (2014: £265.5m)

- Adjusted profit before tax up 10.1% to £22.5m (2014: £20.4m); statutory £15.2m (2014: £14.5m)

- Adjusted earnings per share up 11% to 23.2p (2014: 20.9p); statutory 14.3p (2014: 13.5p)

- Interim dividend increased by 15.8% to 22p per share (2014: 19p)

Operating highlights:

- Further organic growth in line with previous guidance

- Total services supplied up by 53,488 for the period to 2,146,935 (2014: 2,012,052)

- Customer ("Member") numbers for the period up by 13,585 to 595,098 (2014: 559,449)

- Recommended Provider and Best Buy Awards received from Which? and Moneywise

At 9:22am: (LON:TEP) Telecom plus PLC share price was +15p at 1105p

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