Telecom Plus plc intends to recommend a final dividend of 18 pence per share, this will bring the total dividend for this year 2013 to 31 pence per share, an increase of 15% over the preceding year.

Telecom Plus plc reported unaudited consolidated earnings results for the six months ended September 30, 2012. For the period, the company reported revenue of £210,020,000 against £161,658,000 for the same period last year. Operating profit was £11,274,000 against £10,330,000 for the same period last year. Profit before taxation was £12,079,000 against £11,115,000 for the same period last year. Profit and total comprehensive income for the period attributable to owners of the parent was £9,400,000 or 13.2 pence per diluted share against £8,529,000 or 12.2 pence per diluted share for the same period last year. Net cash flow from operating activities was £11,500,000 against £29,381,000 for the same period last year. Purchase of property, plant and equipment was £238,000 against £1,150,000 for the same period last year. The 30% increase in revenues reflects the strong customer growth the company has achieved over the last 12 months combined with an increase in the average number of services being taken and higher energy prices, partially offset by the stronger competitive position the company has adopted in the landline, mobile and broadband markets where many customers have seen a reduction in their cost of using these services. The board has decided to increase the interim dividend by 30% to 13 pence per share against 10 pence per share paid in the same period last year. This dividend will be paid on December 17, 2012 to shareholders on the register on November 30, 2012 and is expected to represent a higher proportion of the total dividend than in previous years as the company moves progressively towards a more even split between the interim and final dividend payments. The company's shares will go ex-dividend on November 28, 2012.

Telecom Plus plc provided earnings guidance for the half year ended September 30, 2012. For the period, the company expects cash generation during the period has been strong, in line with management expectations, and reported net cash balance at September 30, 2012 will be around £1 million. Pre-tax profits and earnings per share that are firmly ahead of the figures for the comparable period last year.