KCom set to meet expectations

Hull-based communications provider KCom Group today revealed that it expects to trade in line with market expectations for the rest of the financial year.

In a statement, KCom said the group’s performance remained consistent with trading reported at the interim results in November last year.

Strong cash generation has been maintained, leading to a further reduction in net debt.

The trading statement added: “Ongoing initiatives to drive growth, including the roll out of fibre-based 100mbps broadband within our East Yorkshire network area, continue to make progress. The focus for the KCom brand continues to be to secure recurring revenue to support our objective of driving long term sustainable growth.

The board reiterates its commitment to delivering a minimum 10 per cent per annum dividend growth in this and the subsequent financial year, reflecting its confidence in maintaining current performance.”

The statement concluded: “The group continues to exploit successfully its enhanced capabilities and strong track record in the provision of communications services to multiple-site, national organisations.”

An update on recent contract wins will be included in the preliminary results scheduled for May 22 2012.

Source: Yorkshire Post, 31st January 2012

Back to News »