Edition:
United Kingdom

Telecom Plus Sees FY Adjusted Pretax Profit Towards Lower End Of Prior Guidance


Wednesday, 17 Apr 2019 

April 17 (Reuters) - Telecom Plus PLC ::TELECOM PLUS PLC - TRADING UPDATE AND NOTICE OF RESULTS.TELECOM PLUS PLC - TOTAL DIVIDEND OF 52P (2018: 50P) PER SHARE FOR YEAR (+4%).TELECOM PLUS PLC - FULL YEAR ADJUSTED PRE-TAX PROFITS ARE EXPECTED TO BE TOWARDS LOWER END OF PREVIOUS GUIDANCE AT AROUND £56M (2018: £54.3M).TELECOM PLUS PLC - RESULT REFLECTS IMPACT OF A WARM WINTER AND OFGEM PRICE CAP.TELECOM PLUS PLC -RESULTS REFLECT MODEST INITIAL LOSSES ASSOCIATED WITH OUR EXPANSION INTO RELATED BUSINESS AREAS (GLOW GREEN AND BOILER & HOME COVER.TELECOM PLUS PLC - "ENCOURAGED BY PROFIT OUTLOOK FOR CURRENT YEAR".TELECOM PLUS PLC - WE EXPECT ADJUSTED PROFITS BEFORE TAX OF BETWEEN £60M AND £65M FOR FY2020.TELECOM PLUS PLC - SEES COMMENSURATE INCREASE OF C.10% IN TOTAL DIVIDEND TO 57P PER SHARE FOR FY 2020.