Financial Highlights
- Results in line with the Board's expectations
- Revenues up 0.8% to £39.8m
Fixed Line, Broadband and Data revenues grew 1.5% driven by good take-up of high speed broadband
Mobile revenues increased by 12% boosted by 4G adoption and encouraging levels of inbound roaming revenue
Strong growth in Data Centre revenues (up 30%), aided by equipment sales
As expected, Global Solutions revenues declined by 25% due to the anticipated reduction in termination revenue, however, this was partly offset by good growth in Machine-to-Machine (M2M) and Strongest Signal Mobile (branded Chameleon) revenue
- EBITDA increased 0.7% to £13.8m
- Underlying diluted EPS up 6.1% to 7.50p
- Dividend policy:
Interim dividend of 3.5p (H1 2014 : 3.3p) declared, to be paid on 9 November 2015
Progressive dividend policy reiterated
- Renegotiated £80m credit facility on improved terms and the term extended to June 2020
- Performance underpins the Board's confidence in the Company's prospects
Dividend
In line with the Company's progressive dividend policy, the Board has declared an interim dividend of 3.5p per share payable on 9 November 2015. The shares will trade ex-dividend on 15 October 2015 and will have a record date of 16 October 2015.
The final dividend will be proposed with the full year results and it is the Board's intention to continue with a progressive dividend policy.
