Telecom Plus warns about profits after price limits at Ofgem



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(Reuters) – Telecom Plus Plc, a UK utility provider, warned on Wednesday that its earnings for 2019 would be lower than expected losses related to the expansion.

Adjusted profit before tax is expected to be in the lower part of its previous forecast of about 56 million pounds, the company said.

It reported adjusted pre-tax profit of 54.3 million pounds in 2018.

Report by Shashwat Awasthi in Bengaluru; Edited by Bernard Orr

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