TalkTalk pretax profit $50.4 millionStaff writer ▼ | May 15, 2015
TalkTalk Telecom Group upgraded its revenue growth target as it reported higher fiscal 2015 earnings.
TalkTalk Telecom Group TalkTalk expects revenue to grow by at least 5%
"We are upgrading our revenue CAGR target to fiscal 2017 to 5% and are on track to deliver our 25% [earnings before interest, taxes, depreciation and amortization] margin target in fiscal 2017," the company said. CAGR refers to compound annual growth rate.
Beyond fiscal 2017, TalkTalk said it expects revenue to continue to grow by at least 5% annually.
"We have delivered on our revenue growth guidance as planned, and have exited the year with our strongest ever quarterly revenue growth of 6%, and our lowest ever level of churn," Chief Executive Dido Harding said.
The company proposed a dividend of 13.8 pence for the period, up from 12 pence. It said it plans to raise the dividend for fiscal 2016 by 15%. ■