Income Boosters: High returns should reward patient shareholders
We have updates from two of our Income Boosters this week, both of which have delivered stable performances in tough trading conditions.
Telecom Plus: Solid results
Utility reseller Telecom Plus (LON:TEP) has reported a solid set of results after a difficult year. Revenue for the 12 months to 31 March fell by 2% to £861m, largely due to lower energy prices. Adjusted pre-tax profit dropped 8% to £56m, as higher costs in areas such as IT put additional pressure on margins. The dividend was held unchanged at 57p.
Telecom Plus's customer brand Utility Warehouse doesn't spend…
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