Telecom Plus in revenue jump

City A.M. Reporter
BRITISH utility Telecom Plus reported an eight per cent rise in first-half profit yesterday as it added more customers and said it expects to post a record profit and turnover for the year.

The company, which provides gas, electricity, fixed line telephone and broadband internet services, said customer numbers rose by 22,657 to 438,146 during the six months ended 30 September.

For the first half, Telecom Plus reported a pre-tax profit of £12.1m, up from £11.1m a year earlier. Revenue increased 30 per cent to £210m. The company raised its interim dividend to 13p from 10p a year earlier.