Kcom maintaining 'positive momentum across all brands'

FTSE 250 communications services provider Kcom has published an interim management statement for the third quarter ending December 31st disclosing progress in the face of challenging market conditions.

FTSE 250 communications services provider Kcom has published an interim management statement for the third quarter ending December 31st disclosing progress in the face of challenging market conditions.

In the update, which did not include any numbers, the company reported that public sector remained an important opportunity for the business's growth, adding that Kcom had secured a number of contract renewals which had further contributed to an increase in the company's multi-year order backlog.

The group reported that Kcom was named as the preferred bidder by East Sussex County Council to provide a hosted managed communications service on behalf of public sector organisations as part of the Link Consortium arrangement.

It further reported that Smart421 and Eclipse "continue to perform well in their respective markets".

Meanwhile, Kcom was described as making "a strong contribution to the quarter's performance".

Commenting on trading, Bill Halbert, Executive Chairman of KCOM group stated: "Market conditions continue to be challenging. The group has however continued to exploit successfully the opportunities that are there, with positive momentum across all brands.

"We remain confident about the quality of our business operations and their capacity to generate cash and reconfirm our commitment to a minimum 10% growth in the dividend in this financial year."

MF

Recommended

Delivering profits : should you buy Royal Mail shares?
Share tips

Delivering profits : should you buy Royal Mail shares?

The volume of parcels delivered by Royal Mail soared during the pandemic, and so did its profits. But it has been coming under pressure lately. So, as…
19 May 2022
Avoid easyJet shares – there are better airlines to invest in
Share tips

Avoid easyJet shares – there are better airlines to invest in

EasyJet used to be one of Europe’s most impressive airlines. But now it is facing challenges on all fronts and losing out to the competition. Rupert …
19 May 2022
Tech stock crash – dotcom bust 2.0 is upon us
Tech stocks

Tech stock crash – dotcom bust 2.0 is upon us

It’s carnage in the tech sector as the market crashes. But that spells opportunity for canny investors, says Matthew Lynn
19 May 2022
Three things you should learn from Bill Ackman's brilliant Netflix trade
Investment strategy

Three things you should learn from Bill Ackman's brilliant Netflix trade

Hedge fund guru Bill Ackman has lost $400m selling Netflix shares. John Stepek explains why this was a brilliant trade, and outlines three things that…
19 May 2022

Most Popular

Get set for another debt binge as real interest rates fall
UK Economy

Get set for another debt binge as real interest rates fall

Despite the fuss about rising interest rates, they’re falling in real terms. That will blow up a wild bubble, says Matthew Lynn.
15 May 2022
Is the oil market heading for a supply glut?
Oil

Is the oil market heading for a supply glut?

Many people assume that the high oil price is here to stay – and could well go higher. But we’ve been here before, says Max King. History suggests tha…
16 May 2022
Value is starting to emerge in the markets
Investment strategy

Value is starting to emerge in the markets

If you are looking for long-term value in the markets, some is beginning to emerge, says Merryn Somerset Webb. Indeed, you may soon be able to buy tra…
16 May 2022