Telecom Plus posts higher annual profit and revenue

21st May 2014 07:34

- Pre-tax profit up 25.3 per cent- Revenue rises 9.5 per cent- Service numbers increase 305,100Telecom Plus posted a rise in annual profit and revenue as the utility achieved a record increase in service numbers.The company, which supplies gas, electricity, telephony and broadband, said adjusted pre-tax profit jumped 25.3% to £44.6m and revenue increased 9.5% to £658.8m in the year to end of March 2014.The number of services providing reached 1.9bn by year end, up 305,100 on the previous year, and the group's customer base reached 530,000."With over 5,000 new partners joining since our annual sales conference in March, and just 2% of the UK market, we believe we are exceptionally placed to deliver further sustained organic growth over the months and years ahead," said Chief Executive Andrew Lindsay.The dividend was lifted 12.9% to 35p per share. RD