Kcom on track to reduce debt and grow sales

Kcom remains on track to reduce net debt and secure long-term growth as the communications specialist continues to keep to the forecasts it made last November. An interim management statement issued this morning indicates that it has continued to generate cash and reduce debt and the pipeline of bus

Kcom remains on track to reduce net debt and secure long-term growth as the communications specialist continues to keep to the forecasts it made last November.

An interim management statement issued this morning indicates that it has continued to generate cash and reduce debt and the pipeline of business remains encouraging.

"Ongoing initiatives to drive growth, including the roll out of fibre-based 100mbps broadband within our East Yorkshire network area, continue to make progress. The focus for the Kcom brand continues to be to secure recurring revenue to support our objective of driving long term sustainable growth," it stated.

The preliminary results are due out in May and they will reveal the recent contract wins but the firm said it has been gaining business from multiple-site customers that were looking for communications services.

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