LONDON (Alliance News) - Utility services provider Telecom Plus PLC on Tuesday said its pretax profit increased in the first half, in line with growth in revenue which met the company's expectations.
The FTSE 250-listed company said its pretax profit for the half to the end of September was GBP15.2 million, compared to GBP14.5 million a year earlier, as revenue rose to GBP294.0 million from GBP265.5 million.
It will pay an interim dividend of 22.0 pence per share, up 16% on the 19.0p it paid out a year earlier.
Telecom Plus said its organic customer growth in the half was in line with its expectations, with its total services supplied rising to 2.1 million from 2.0 million, while its member numbers for the period rose to 595,098 from 559,449.
"We continue to build market share in each of the services we supply through our unique combination of personal recommendation, the convenience of a genuine multi-utility proposition, consistently high standards of customer service, and a commitment to treating our members fairly. As a result, we remain confident that we will achieve our target of supplying a million households over the medium term," said Andrew Lindsay, Telecom Plus's chief executive.
"We remain on track to deliver record revenues, profits, and earnings per share for the current financial year," he added.
Shares in Telecom Plus were up 1.4% to 1,105.00p on Tuesday morning.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Telecom Plus (TEP)