KCOM profits heading in right direction


KCOM profits heading in right direction

Alex Scroxton

Half-yearly profits at comms and networking provider KCOM Group are heading upwards on the back of a number of key public and private sector sales, including the awarding of preferred bidder status on a new Public Sector Network (PSN) contract in the East Midlands.

Pre-tax profit for the six months to 30 September was up 16.4% year-on-year to £27.0m, although sales struggled to show much improvement over the year-ago period, growing just 1.6% to £198m.

In its statement to the City, KCOM reaffirmed its commitment to growing at a minimum of 10% per annum.

Broken out by unit, its East Yorks-based consumer telco unit KC and its SMB-focused ISP Eclipse Internet collectively grew sales 1.0% to £63.1m, with Eclipse's growth offsetting churn among consumer customers.

Comms services division Kcom and app integration biz Smart421 saw sales grow 2.5% to £137.7m, with Smart421 singled out for particular praise after revenues shot up 26%, partly, said the group, due to increased cloud adoption and some tasty contract wins with BT and Broadgate Estates, among others.

Join the conversation Comment



    Contribute to the conversation

    All fields are required. Comments will appear at the bottom of the article.