Source - Alliance News

Telecom Plus PLC - London-based bundled household utility provider and owner of Utility Warehouse - Adjusted pretax profit for the financial year that ended March 31 will be toward the upper end of market expectations, which Telecom Plus puts at £110.1 million to £116.3 million. This will be up from £96.2 million in financial 2023. Telecom Plus confirms it will pay a total dividend of 83 pence per share for the recent year, up 3.8% from 80p. Customer numbers passed a million in financial 2024, ending at 1.01 million, up 14% from 886,579 a year before. Total services provided rises by 12% to 3.1 million from 2.8 million.

‘As we embark on the next phase of our growth, scaling towards two million customers and beyond, we have seen our customer growth rate continue into the start of the new financial year,’ Telecom Plus says

Current stock price: 1,778.00 pence, up 3.7% in London on Tuesday morning

12-month change: up 0.5%

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