Quick Facts
FONT-SIZE Plus   Neg
Share SHARE

Telecom Plus Expects FY Profits To Be Marginally Ahead Of Expectations

Telecom Plus Plc (TEP.L) provided its interim management statement covering the period from October 1, 2011 to February 12, 2012, incorporating information relating to the performance of the business for its third quarter ended December 31, 2011.

The company stated that full year profits are expected to be marginally ahead of market expectations for the current financial year. Also, the company said it faced recent acceleration in organic growth.

Telecom Plus noted that customer numbers for the first nine months of the year are ahead by 31,180, and service numbers for the same period are ahead by 151,032. These represent annualised growth rates of 11% and 17% respectively.

Further, the company said on February 10, 2012, it entered into an irrevocable agreement to buy the freehold interest in Merit House, Edgware Road, London for a total cash consideration of around 6.6 million pounds. Completion is expected to take place on February 17, 2012 and will be funded from its cash resources and existing banking facilities, Telecom Plus added.

Click here to receive FREE breaking news email alerts for Telecom Plus PLC and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Beverages giant Coca-Cola Co. reported Tuesday a profit for the third quarter that decreased 14 percent from last year, despite higher worldwide volumes, reflecting a revenue drop. Adjusted earnings per share matched analysts' expectations, even as quarterly revenues missed their estimates. Following the announcement, the company's shares are trading more than five percent lower in early deals. Apple Inc. said Monday that its fourth quarter profit rose 13% from last year, driven by strong sales of its iPhones and Mac computers. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly sales. At the same time, the company gave an upbeat revenue forecast for the current quarter, which includes the all important holiday season. Programmable chipmaker Xilinx Inc. (XLNX) said Thursday after the markets closed that its second quarter profit rose 21% from last year, helped by higher revenue and better cost control. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue....
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.