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

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

Here’s why you really should own at least some bitcoin
Bitcoin

Here’s why you really should own at least some bitcoin

While bitcoin is having a quiet year – at least in relative terms – its potential to become the default cash system for the internet is undiminished, …
16 Sep 2020
Will a second wave of Covid lead to another stockmarket crash?
Stockmarkets

Will a second wave of Covid lead to another stockmarket crash?

Can we expect to see another lockdown like in March, and what will that mean for your money? John Stepek explains.
18 Sep 2020
James Ferguson: How bad data is driving fear of a second wave of Covid-19
UK Economy

James Ferguson: How bad data is driving fear of a second wave of Covid-19

Merryn and John talk to MoneyWeek regular James Ferguson about the rise in infections in coronavirus and what the data is really telling us.
17 Sep 2020