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Trading statements

Telecom Plus on track

19 April 2016 10:20

Telecom Plus says it is confident of achieving full-year adjusted pre-tax profits of at least GBP54m in line with previous guidance.

Total dividend guidance for the year of 46p remains unchanged. The Company has seen continuing growth in customer and service numbers and has been ranked #2 in major multi-industry customer satisfaction survey.

The Company added:

"Cash flow remains strong, in line with management expectations, and we have taken the opportunity to refinance on more favourable terms.

In the face of continuing strong headwinds, we are pleased to have delivered organic growth of 4.2% in service numbers during the last 12 months, taking the total number of services we are supplying through our Utility Warehouse brand to 2,181,704 (2015: 2,093,447); membership increased by 17,100 to 598,613."

Telecom Plus will announce its full year results on 14 June 2016.

At 10:20am: (LON:TEP) Telecom plus PLC share price was +44.75p at 871.75p

Story provided by StockMarketWire.com

Related Company: TEP

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