KCOM gloom

There's not too much excitement at Hull-based telecoms group, KCOM (KCOM). As expected, the group's UK-wide business services division saw sales decline by £10m to £138m and underlying cash profits squeezed by 10 per cent to £14.5m, which largely reflected lower revenue from a one-off network build contract. More encouragingly, perhaps, turnover from KCOM's strategic focus areas - such as local authorities and multi-site enterprises, which tend to carry higher margins - held steady at £122m.

To continue reading, register today

to enjoy limited access to the following:

  • Daily trading news
  • Funds coverage
  • Features on big investment themes
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Related topics

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now