KCOM profits heading in right direction

Half-yearly profitsat 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 t

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.

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