KCOM restructuring on track

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KCOM restructuring on track

Microscope contributor

Comms provider KCOM Group has claimed its restructuring programme remains on track in a trading update ahead of its next set of financials.

The firm, which owns comms brands ISP Karoo and Kingston Communications in East Yorkshire, alongside managed services provider Affiniti, recently backed off its network management operations to BT.

It is in the process of tightening the group structure around two key pillars; the comms and Internet brands and themanaged comms services business.

"The board's focus for the current financial year remains the continuing improvement in the overall quality of the group's activities," KCOM said in a stock market announcement.

Group trading remains in line with expectations, and net debt also appears to be on the wane.

The directors said they were "confident" that the firm's financial performance would improve. The company made pre-tax losses of over £100m in the financial year ended last March.

KCOM's next set of results will be released in November.


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