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Annual Results

TalkTalk Telecom improves FY pretax profit

10 May 2017 09:32

TalkTalk Telecom has posted a rise in FY pretax profit to £70m, from £14m. Revenue was down to £1.78bn, from £1.84bn. Total dividend was 10.29p a share, from 15.87p.

CEO Tristia Harrison said the last 12 months had seen the business lay down solid foundations from which to drive sustainable base and revenue growth in both the Retail and B2B businesses.

"This will allow us to build upon our core strength as a value for money fixed line connectivity provider," she said.

Looking ahead, TalkTalk said new price plans and falling churn underpinned confidence in driving customer base growth.

It added that retail base growth and continuing growth in TalkTalk Business would drive a return to growth in group revenues.

The company expected FY 2018 headline EBITDA to be £270m-£300m as a result of SAC (subscriber acquisition costs) investment to drive growth.

At 9:32am: (LON:TALK) TalkTalk Telecom Group PLC share price was -20.05p at 162.45p

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