Telecom plus PLC Announce Year End Results

Telecom plus PLC, the UK's leading low-cost multi-utility supplier (gas, electricity, telephony, broadband), yesterday announced their final results for the year ended 31 March 2008.

Financial Highlights:

· Profit before tax up 45% to £16.8m (2007: £11.6m)
· EPS up 42% to 17.7p (2007: 12.5p)
· Cash generation of £17.0m before share buy-backs of £5.7m and dividend payments of £6.8m
· Year-end netcash balance increased by £4.5m to £30.3m (2007: £25.8m)
· Final dividend of 10p per share (2007: 6p) making a total for the year of 14p(2007: 8p) per share; this represents an increase in the total payment of 75% compared with last year

Operating Highlights included: -

· Annualised growth in services provided of 15% during Q4
· 49% increase in Business Club membership
· Average services per member of 3.11 (2007: 2.95)
· Significant growth in the number of distributors promoting their services
· Successful launch of new “Community Fundraiser” position