Business
Interim Management Statement
Interim Management Statement.
About this update from Telecom Plus Plc
[{"type":"text","content":"\n \nRNS Number : 2691M Telecom Plus PLC 15 July 2014 \n \n\n15 July 2014\n \nTelecom Plus PLC (the \"Company\")\n \nInterim Management Statement\n \n \nTelecom Plus PLC (trading as the Utility Warehouse), which supplies a wide range of utility services (gas, electricity, fixed line telephony, mobile telephony and broadband internet) to both residential and business customers, today issues its Interim Management Statement to cover the period from 1 April 2014 to 14 July 2014. This incorporates information relating to the performance of the business for its first quarter ended 30 June 2014, to coincide with its Annual General Meeting (\"AGM\") being held later today.\n \nHighlights\n \n· Continuing strong organic growth\n· Customer numbers up by 16,739 during the quarter to 547,378 (30 June 2013: 474,404)\n· Number of services up by 56,574 during the quarter to 1,963,734 (30 June 2013: 1,666,327)\n· New online application process successfully introduced\n· Record numbers of new Partners joining during the period\n \nOperating Review\n \nThe first quarter of the current year has seen the business deliver further strong organic growth. \n \nCustomer numbers for the period rose by 16,739 (Q1 2014: 13,372), representing an increase of 25% on the net customer growth achieved during the corresponding period last year. This took the overall size of our customer base to over 547,000 (2014: 474,404), an increase of 15.4% over the last 12 months. The number of services being provided grew by 56,574 to 1,963,734 (2013: 1,666,327), making it our 12th consecutive quarter in which we have achieved net growth of more than 50,000 services.\n \nWe are encouraged by the strong interest we continue to see from new Partners wanting to promote our services, helped by the half-price joining offer which we ran during April. As a result, the total number of Partners has increased to 46,602, a net increase of over 2,500 during the quarter. \n \nThe new online application process...