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KCOM profits 'in line with expectations'

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Hull telecom business KCOM Group says it has performed well in the past six months and signed up its 10,000th customer to Lightstream superfast internet. In a statement released today, directors said profits for the group, which owns phone and internet firm KC, were "in line with expectations, with continued strong cash generation". Earlier this year KCOM reported a rise in pre-tax profits to £50.5m for the 12 months to March 31, although revenue was down slightly. The publicly-listed company has since continued rolling out its Lightstream fibre-optic broadband in East Yorkshire and the service is now used in 10,000 homes and offices. It offers download speeds of at least 50MB per second and when it reached Brantingham this summer, KC claimed the village became Britain's fastest. In a statement released today, KCOM said: "As part of its investment in super-fast, fibre-based broadband in Hull and East Yorkshire, the group has recently secured its 10,000th Lightstream customer. "The group continues to progress its strategy of focusing on key target markets and will give a further update on its fibre deployment and other initiatives at the interim results. "The cash generative capacity of the group means it is able to continue with its progressive dividend policy while investing in those areas that support the group's ambition to achieve leadership positions in all its target markets." Full six-month results will be released on November 25.

KCOM profits 'in line with expectations'


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