Telecom Plus, a multi-utility
supplier based on United Kingdom which supply gas, electricity, landline,
broadband, and mobile service to residence and business has been dazed for
seeing a huge spike in leakages and theft at its gas supply business. The chief
executive said that the leakage and theft level within the gas distribution
network resulted in a lower level than previously anticipated earnings.
The pre-tax profit for the year is
now expected to be around £52mln-£53mln, almost £10mln lower than previous
estimates. The loss has reached £6mln for this year alone and £11mln for adding
it with the accumulation between April 2007 and March 2014.
The provider shares fell 18% to 798p