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May 27, 2010

KCOM back in the black

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by David Allen

The broadband and phone service provider KCOM, who were formally known as Kingston Communications, have made a return to profits following large losses in the previous year.

The company reports a pre tax profit £19.2 million for the year ending in March, the previous year’s results showed a loss of £111 million.

According to the executive Chairman Bill Halbert, KCOM are now benefiting from a wider strategy and working on business that returns a higher margin.

It seems that the company are slightly down in terms of revenues, but clearly, the cost cutting exercise carried out during restructuring has made a big difference to the company’s finances.

Currently KCOM are investing in rebranding the business that provides telecoms in Hull, and is also making plans to expand the service to outlying villages.

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