Toople PLC Update on Trading and Date of Interim Results (8298V)
11 April 2019 - 4:00PM
UK Regulatory
TIDMTOOP
RNS Number : 8298V
Toople PLC
11 April 2019
Embargoed until: 7.00 a.m., 11 April 2019
Toople PLC
("Toople" or the "Company")
Update on Trading and Date of Interim Results
Toople PLC (LSE: TOOP), a provider of bespoke telecom services
to UK SMEs, gives the following update on trading ahead of its
interim results, which will be announced in early May 2019.
The Board is pleased to announce that the interim results are
expected to be in line with management expectations. Turnover and
gross profit continue to grow substantially and the Company's cash
position remains strong with in excess of GBP1.1 million as at 31
March 2019.
The Board is pleased to report that since the Company's last
update on 22 March 2019, Toople has continued to make further
significant operational and financial progress. Following strong
trading in January and February, momentum has continued and March
2019 was a record month of small business sign ups contracting
directly with Toople.
In addition to the new customer wins Toople is pleased to
announce that the GBP3.5m partner contract win announced on 29th
August 2018 (which has now been successfully integrated onto the
Toople Merlin billing and provisioning platform), continues to
perform in line with expectations and the first batches of
customers have been transferred over to the Toople billing
platform.
Andy Hollingworth, CEO at Toople commented:
"Toople has ended the first six months of its financial year, as
we began it, trading strongly, with our digital marketing campaign
and investment in in-house sales paying off. We are generating an
increasing level of enquiries from potential customers and a
growing conversion rate."
This announcement contains inside information for the purposes
of Article 7 of the Regulation (EU) No 596/2014 on market
abuse.
-ends-
For further information please visit www.toople.com or
contact:
Toople PLC Tel: 0800 0499 499
Andy Hollingworth, Chief Executive
Officer /
Kevin Lawrence, Chief Financial
Officer
Cairn Financial Advisers LLP Tel: 020 7213 0880
David Coffman / Richard Nash
Novum Securities Limited Tel: 020 7399 9400
Colin Rowbury
Turner Pope Investments Limited Tel: 020 3621 4120
Andy Thacker
Belvedere Communications Tel: 020 3687 2754
John West / Llew Angus
About Toople PLC
Toople Plc, a company incorporated in the UK provides a range of
telecoms services primarily targeted at the UK SME market. Services
offered by the Group include business broadband, fibre, EFM and
Ethernet data services, business mobile phones, cloud PBX and SIP
Trunking and Traditional Services (calls and lines) all of which
are delivered and managed through Merlin, the Group's proprietary
software platform.
The Group is differentiated by its focus on creating business
broadband solutions, with robust and reliable packages that will
enhance our customers company's. In addition, our vision is based
on trust and transparency, with no hidden fees within our pricing
policy providing customers with a clear understanding of cost.
Toople Plc has a strong and highly experienced Board and
management team who are focused on growing the business both
organically and by identifying earnings enhancing strategic
acquisition opportunities.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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