KCOM performance improving in second half


KCOM performance improving in second half

Alex Scroxton
Managed comms outfit KCOM Group continues to power through the second half of its fiscal
2010, according to an interim management statement released today.

The group's performance to the end of December 2009 was roughly in line with previous expectations, KCOM said in a statement, noting that performance was underpinned by the resilience of its Kingston Communications unit, and improvements at its managed services arm Kcom, known as Affiniti until last autumn.

KCOM claimed the progress it has made will see it exit the year in a much stronger position, both financially and competitively.

Executive chairman Bill Halbert said: "The group continues to make good progress, focusing on strengthening the profitability of the activities that we undertake and the delivery of higher value-added, recurring revenues."

The firm also announced a new five-year managed services contract with mobile phone retailer Phones4U, which will see it take over the chain's entire network function.

"The contact illustrates the new opportunities available to us following our agreement with BT," commented Halbert.

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