Telecom Plus trading "exceptionally good"

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Date: Wednesday 09 Jul 2008

LONDON (ShareCast) - Multi-utility group Telecom Plus reports "exceptionally good trading" in the first quarter to June with turnover, profits, customer numbers, new services and new distributor recruitment all running substantially ahead of last year.

"Customer numbers increased by 7,160 to 225,017 during the quarter, and the number of services provided rose by over 26,000 to 618,320 (30 June 2007: 545,831). These figures clearly demonstrate the increasing rate of organic growth being achieved since the beginning of last year," Telecom Plus said.

" We are extremely comfortable with market expectations for the out-turn of our financial performance in the current year to 31 March 2009, and with the dividend guidance we provided in our recently published annual report and accounts," it added. The group's cash balance increased to £32.9m over the period.






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