Telecom Plus FY Pretax Profit Rises; Revenue Up 8.9% - Quick Facts

Telecom Plus PLC (TEP.L) reported profit before tax of 48.1 million pounds for the year ended 31 March 2020 compared to 43.0 million pounds, previous year. Earnings per share increased to 45.7 pence from 42.3 pence. Adjusted profit before tax increased by 8.0% to 60.8 million pounds. Adjusted earnings per share was 61.5 pence compared to 58.7 pence.

Fiscal year revenues were 875.8 million pounds compared to 804.4 million pounds, last year. Customer numbers rose by 2.7% to 652,237, while service numbers increased by 6.4% to 2,022,716.

The final dividend of 30 pence per share will be paid on 31 July 2020 to shareholders on the register at the close of business on 10 July 2020. This makes a total dividend payable for the year of 57 pence, an increase of 9.6% from previous year. The Group expects to maintain dividend at 57 pence per share for fiscal 2021, subject to any impact from Covid-19.

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