Tuesday, 15 February 2011

Telecom Plus sees profit ahead on energy hike

British utility services group Telecom Plus said full-year profit will be slightly ahead of market expectations after benefiting from higher energy prices and greater consumption during the cold snap in December.

The company, which supplies gas, electricity, telephony and broadband under the Utility Warehouse brand, said it would recommend a final dividend of 14 pence, totalling 22 pence per share for the year.

"Our financial performance for the second half of the current financial year will reflect a small positive contribution from the impact of the latest retail energy price increases, as well as from the recent cold weather," said the company in a statement on Monday.


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