KCom’s results set to meet expectations

The company’s board also reiterated its commitment to delivering a minimum of ten per cent per annum dividend growth in this, and subsequent financial years. The board said this reflected its confidence in the group’s future cash generation and performance.

In a pre-close statement, the company said: “Current trading remains consistent with trends reported at the interim results in November.

“Our KC brand continues to benefit from sustained growth in broadband penetration across the East Yorkshire network area, with customers attracted to bundled offerings in particular.

“In addition, and three years ahead of the Government’s 2015 targets, we are able to provide broadband services with a minimum 2Mbps download speed to all households and businesses across our KC network.

“The KCom brand continues to see progress on securing multi-year recurring revenues to support longer term sustainable growth. Our focus on opportunities within the emerging Public Services Network (PSN) market has been maintained, as confirmed by the recent signing of the contract for East Midlands PSN.

“Progress has also been seen within the enterprise market, where we have recently signed contracts with Molson Coors, United Utilities and iPSL for a range of communications and managed services.”

KCom Group will announce its preliminary results on May 22 2012.