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Birmingham Post
Birmingham Post
Technology
David Laister

Turnover tops £100m again as KCom enjoys record year for customer additions

KCom saw revenues return back over the £100 million mark as a record year of customer additions pushed turnover on.

The Hull-headquartered broadband specialist had sold its national ICT operation to focus on its regional role early in the period, to March 31, 2022.

It had seen continuing operations drop from £262.8 million to £99.6 million in the previous year, following the £31.4 million deal with Nasstar. Now, with £3.2 million of sales added as thousands more addresses were reached as part of a huge expansion, further growth is being pursued as the traditional network ditches copper and goes full fibre in a £17 million investment. Losses were also slashed from £10.5 million to £300,000 on sales of £100.7 million.

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