Edition:
India

Telecom Plus PLC (TEP.L)

TEP.L on London Stock Exchange

1,322.00GBp
9 Dec 2019
Change (% chg)

-6.00 (-0.45%)
Prev Close
1,328.00
Open
1,348.00
Day's High
1,350.00
Day's Low
1,310.00
Volume
14,839
Avg. Vol
66,866
52-wk High
1,542.00
52-wk Low
1,094.00

Latest Key Developments (Source: Significant Developments)

Telecom Plus H1 Pretax Profit Rises 9.2% To 21.1 Million Stg
Tuesday, 19 Nov 2019 

Nov 19 (Reuters) - Telecom Plus PLC ::H1 PRETAX PROFIT ROSE 9.2 PERCENT TO 21.1 MILLION STG.H1 REVENUE ROSE 13.6 PERCENT TO 353 MILLION STG.INTERIM DIVIDEND INCREASED BY 8% TO 27P PER SHARE (2018: 25P).HY STATUTORY PROFIT BEFORE TAX UP 9.2% TO £21.1M (2018: £19.3M).ENCOURAGING ORGANIC GROWTH IN LINE WITH EXPECTATIONS IN HY ENDED 30 SEPTEMBER 2019.MAINTAIN OUR DIVIDEND GUIDANCE FOR FULL YEAR OF 57P (2018: 52P) PER SHARE.RE-ITERATE OUR FULL YEAR GUIDANCE FOR ADJUSTED PROFIT BEFORE TAX AND DIVIDENDS OF £60M-£65M AND 57P RESPECTIVELY.TELECOM PLUS- MAJORITY OF SERVICES ARE SUPPLIED INTO HIGHLY REGULATED MARKETS, AND THIS COULD RESTRICT OPERATIONAL FLEXIBILITY OF GROUP'S BUSINESS.TELECOM PLUS - SEEKS TO MAINTAIN APPROPRIATE RELATIONS WITH BOTH OFGEM AND OFCOM DEPARTMENT FOR BUSINESS, ENERGY AND INDUSTRIAL STRATEGY AND FCA.REGULATORY ENVIRONMENT FOR VARIOUS MARKETS IN WHICH GROUP OPERATES IS GENERALLY FOCUSSED ON PROMOTING COMPETITION.TELECOM PLUS- REGULATORY CHANGES, THEIR ACTUAL IMPACT WILL REMAIN UNCERTAIN, COULD INCLUDE, IN EXTREMIS, RE-NATIONALISATION OF ENERGY SUPPLY INDUSTRY.TELECOM PLUS - POLITICAL AND CONSUMER CONCERN OVER ENERGY PRICES, VULNERABLE CUSTOMERS AND FUEL POVERTY MAY LEAD TO FURTHER REVIEWS OF ENERGY MARKET.  Full Article

REFILE-UPDATE 1-Telecom Plus annual profit rises, more customers sought its services

June 18 Multi-utility supplier Telecom Plus Plc reported higher annual profit on Tuesday as more customers continued to choose its services despite a price cap put in place by Britain's energy regulator.