Kcom lauds strong contract pipeline

IT and comms integrator sees profit and turnover increase for H1 financials

A run of contract wins has helped Kcom buck the downturn and increase its turnover for the six months ended 30 September.

The IT and comms integration collective released its interim unaudited half-year results, which saw turnover hit £198m for the half year, compared with £195m in 2010, with pre-tax profit increasing to £27m, compared with £22m in 2010.

Contract wins in the period highlighted by the firm include one with WorldPay and its appointment as preferred bidder for both Calderdale Council and emPSN, along with a next-generation fibre deployment across Hull & East Yorkshire network.

Bill Halbert, executive chairman at Kcom, said: “We are pleased to report half-year results showing continued progress across the Group. Strong growth in earnings and resultant conversion into cash emphasises the robust foundation on which the Group is building its growth strategy.

“Additional multi-year contract wins, including being the preferred bidder on a further PSN contract, have strengthened further the contract backlog for future years, underpinning our ability to achieve our objective of sustainable growth.”