Telecom Plus, trading as Utility Warehouse, released its financial results for the first six months of 2023, reporting a 57% spike in revenue over the previous year’s period to $1.1 billion. Adjusted pre-tax profit was also up 36% to $54.7 million.
Utility Warehouse announced its final results for the full year, ending March 31, 2023. Revenues during this time grew to $3.1 billion, up from $1.2 billion in 2022. Adjusted pre-tax profit was up by 55% and adjusted EPS increased by 57%.
Utility Warehouse, through its philanthropic arm the UW Foundation, donated £18,000 to four local charities: The Lavender Touch, Borders Carers Centre, Stable Life and Borders Children’s Charity.
Utility Warehouse, which is owned by Telecom Plus (TEP), operates in the essential home services market in the United Kingdom. As the only multiservice utility provider in the country to offer customers energy, broadband, mobile and insurance, Utility Warehouse serves a growing customer base of more than 800,000 households.
Telecom Plus PLC released its half-year results for the period ending September 30, 2022, reporting a 51.5% increase to $668 million, up from $441 million during the same period of 2021.
Telecom Plus PLC announced an increase to its full-year profit expectations after a surge in customer growth. The company said a “record number” of UK households had joined, driving financial results and organic accelerated growth for the company overall.
Telecom Plus PLC announced record results for the year ending March 21, 2022, with a 12.3% increase in revenue and 10.3% increase in adjusted pre-tax profit. Adjusted EPS was also up 10.1%.
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