Utility services provider Telecom Plus Plc (TEP.L) Tuesday said its financial performance for the year ended March 31, 2013 remained in line with consensus market expectations and is confident of reporting full-year profits in line with market view.
The firm, which offers fixed line telephony, mobile telephony, gas, electricity, and internet services, said it experienced a strong fourth quarter for distributor, customer and service numbers. The company noted that it will report a seventh consecutive quarter in which its service numbers have grown by more than 50,000.
Andrew Lindsay, chief executive officer of the company said, "We finished the year with strong growth in distributor, customer and service numbers. The sustained increase in the number of new distributors joining the business over the last three months is particularly encouraging, and we anticipate that this will feed through to additional customer and service growth over the coming months."
As announced earlier, Telecom Plus said, in the absence of unforeseen circumstances, it intends to recommend a final dividend of 18 pence per share, which would bring the total dividend for the year to 31 pence per share, higher than 27 pence paid in 2012.
The company expects to report its full-year results on May 21.
TEP.L is currently trading at 1,033 pence, up 32 pence or 3.2 percent on the LSE.
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