Kcom increases its 2016 interim dividend by 10%

DividendMax Ltd.

Kcom increases its 2016 interim dividend by 10%

Highlights

- Group revenue ahead of prior year, up 3% at £177.9 million

- EBITDA ahead of prior year, up 3% to £37.2 million

- Interim dividend up 10%

- Minimum dividend commitment for next two years

- Growth in focus areas demonstrates progress in strategy

o Kcom segment revenue up 4%

o KC brand revenue up 2%

- 3% decline in Group profit before tax and exceptional items reflects higher depreciation and amortisation consistent with increased investment

The Board reconfirms its commitment to increasing the dividend by 10% per annum until March 2016.

Reflecting its continued confidence in the outlook for the business, the Board is pleased to make a commitment to delivering a full year ordinary dividend of at least 6.0 pence per share for each of the financial years ending 31 March 2017 and 2018.

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