26th Mar 2015 09:38
LONDON (Alliance News) - KCOM Group PLC said Thursday it is trading in line with expectations, and said it plans to accelerate the speed of deployment of fibre-based broadband services across Hull and East Yorkshire.
Forecasts provided by Morningstar show that FinnCapp expects KCOM to posted a pretax profit of GBP51.80 million in the year to end-March, compared to GBP50.5 million in the previous year.
The company said that the deployment of the fibre services so far continues to be successful, with a take-up of over 30% which it says is "well in excess of the national average."
It plans to make the service available to a further 60,000 homes and businesses over the next two years, and to have over 100,000 properties be able to access the service by March 2017.
KCOM will announce its full-year results on June 5.
Shares in KCOM are trading down 0.2% at 93.85 pence Thursday morning.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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