4th Feb 2014 09:46
LONDON (Alliance News) - TalkTalk Telecom Group PLC said Tuesday that it was on track to meet its full-year guidance for 2014, as it saw revenues rise in the third quarter ended December 30, 2013.
The telecommunications company saw revenue grow 5.1% to GBP436 million from GBP415 million in the previous year. The company said it had see 110,000 net adds, including 103,000 Post Office customers. It added 175,000 television customers in the quarter, bringing its total TV customer base to 732,000.
TalkTalk expects its revenues for the full year 2014 to grow by at least 3%, and reiterated its commitment to grow its full year dividend by a minimum of 15%, with a similar rate in subsequent years.
The company also expressed confidence for its medium-term growth targets, saying it was confident it would meet its target of 4% revenue compound annual growth rate between the full year 2014 and 2017, and a 25% earnings before interest, tax, depreciation and amortisation margin by 2017.
Shares in TalkTalk were trading up 1.1% at 313.82 pence Tuesday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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