9th Oct 2015 07:55
LONDON (Alliance News) - Alternative Networks PLC Friday said it remains committed to its progressive dividend policy, and plans to propose a dividend for its recently ended financial year at least 10% ahead of the previous year.
The IT and communications service provider said it had seen a good performance in its Advanced Solutions business, with sold growth in revenue and orders. Although it saw a slightly lower level of orders in the run up to the May General election in the UK, orders signed returned to expected levels in the fourth quarter to end-September.
Alternative Networks expects revenue growth of at least 10% in this segment for the full year.
In its Mobile Network Services segment, revenue is expected to be up on the previous year on a reported basis, as the company increased its market share and saw subscriber growth of 9%. Average revenue per user performance was boosted by increases in data usage, which offset voice and tariff erosion.
In its Fixed Voice Network Services, performance was in line with market trends, Alternative Networks said, and now makes up less than 20% of group revenues.
During the year, Alternative Networks increased investment, funnelling GBP1 million into increasing its account management resources and sales capability, as well as rebranding its businesses. It expects to report exceptional costs of GBP2.7 million related to the restructuring of its property portfolio.
Alternative Networks will release its full-year results December 9.
Shares in Alternative Networks were down 2.6% at 505.61 pence Friday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
AN..L