TalkTalk: shares collapse after loss; dividend slashed.
(CercleFinance.com) - Shares in TalkTalk have collapsed over 9% on Wednesday after the British broadband operator announced that it had incurred losses over the six months to 30 September 2017.
In its interim results released this morning, the telecoms group said it made a pre-tax loss of 75 million pounds over the first half of fiscal year 2017/2018, compared to a profit of 30 million pounds in the same period a year ago.
The firm said it also decided to slash its first-half dividend to 2.50 pence per share, down from 5.29 pence per share last year.
Last but not least, TalkTalk said it now expects full-year headline EBITDA to be "towards the lower end" of its previous guidance range.
After all this bad news, the shares were plunging today, down 9.2% at 172.1 pence.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
In its interim results released this morning, the telecoms group said it made a pre-tax loss of 75 million pounds over the first half of fiscal year 2017/2018, compared to a profit of 30 million pounds in the same period a year ago.
The firm said it also decided to slash its first-half dividend to 2.50 pence per share, down from 5.29 pence per share last year.
Last but not least, TalkTalk said it now expects full-year headline EBITDA to be "towards the lower end" of its previous guidance range.
After all this bad news, the shares were plunging today, down 9.2% at 172.1 pence.
Copyright (c) 2017 CercleFinance.com. All rights reserved.