Nov 20 British utility Telecom Plus Plc
reported an 8 percent rise in first-half profit on strong
customer growth and said it was confident of reporting record
profit and turnover for the full year.
The company, which provides gas, electricity, fixed line
telephone and broadband internet services, said customer numbers
increased by 22,657 to 438,146 during the six months ended Sept.
Telecom Plus said the second half of the fiscal year had
seen a strong start, with record rate of new service growth over
the last seven weeks.
The company also benefited from recent price hikes by larger
energy suppliers, it said.
High utility bills have been a major driver of household
expenditure in the United Kingdom.
However, the company said it would see a brief lull in
activity during the holiday season.
The company's first-half pretax profit rose to 12.1 million
pounds ($19.3 million) from 11.1 million pounds a year earlier.
Revenue increased 30 percent to 210 million pounds.
Telecom Plus raised its interim dividend to 13 pence from 10
pence a year earlier.
Shares in the company were up 1.85 percent at 882 pence at
0817 GMT on the London Stock Exchange.