Telecom Plus PLC reported interim management statement for the period from 1 April 2013 to 16 July 2013. Underlying cash flow remains in line with management expectations, with positive cash generation of almost £3 million during the period, resulting in a net cash balance of £3.6 million as at 30 June 2013 against £0.8 million as at 31 March 2013. The number of services provided rose by 64,267 against 53,316 reported in the first quarter of fiscal 2013, which represents a significant improvement on the strong quarterly growth numbers reported over last two financial years.

The company provided earnings guidance for the first half year and full year of fiscal 2014. The company anticipates further strong organic growth over the coming months. Profits for the first half are expected to be modestly ahead of the corresponding figures for last year, and it looks forward to reporting record figures for turnover, profits, earnings and dividends for the full year, in line with market expectations, in due course.