KCom Group has revealed that its trading is in line with market expectations with half-year profitability slightly up on last year.
But a trading statement revealed revenue for the six months ended 30 September 2010, will be down on the previous year, primarily attributed to the disposal of certain customer contracts to Phoenix IT earlier this year and also the exit from what it termed "lower value activities".
The communications group revealed it is also looking to renew its banking arrangements.
In the statement it said: “Discussions with banks are progressing to plan and we expect to provide further clarity on our banking arrangements when interim results are announced.”
The final half-year results are due to be announced on 23 November.
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