KCOM tells shareholders profitability is the aim

KCOM has told shareholders at its AGM this morning that it expects to return to growth this year and has sorted out confusion with its pension scheme. At a meeting this morning the company will state that its trading for the three months to the end of June were in line with expectations and it had

KCOM has told shareholders at its AGM this morning that it expects to return to growth this year and has sorted out confusion with its pension scheme.

At a meeting this morning the company will state that its trading for the three months to the end of June were in line with expectations and it had two pension schemes and it had managed to get into a position where it would have a single scheme that kicks off from 1 October.

But it will be the ambition for growth that should encourage shareholders with several references made to the ambitions in the statement released this morning.

"Our emphasis is on a return to growth in this, the second year of transformation. We will achieve this by exploiting our core strengths and capability, together with those of our new strategic partnerships," the company stated.

"We continue also to improve further the overall financial position of KCOM through a combination of measures, including debt and working capital management and rigorous cost control," it added.

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