Feeds

Kingston posts loss

Still, at least the sun is shining

  • alert
  • submit to reddit

Combat fraud and increase customer satisfaction

Shares in Kingston Communications were up more than 5 per cent to 122p at noon after it reported a £10.52 million loss compared to a profit of £6.34 million last year.

Turnover for the year ended 31 March increased 26 per cent from £184 million to £232 million.

Despite describing it prelims as a "strong set of results reflecting a year of solid achievements by the Kingston Group" the telco has decided not to pay a dividend this year.

Capital expenditure rose from £73.4 million to £162 million last but the company claims that its major infrastructure investment is now complete.

Elsewhere, it said it would have the opportunity to increase its market reach once the "regulatory and competitive environment surrounding local loop unbundling is clarified".

It is also about to launch a business DSL service in Leeds, Nottingham and Hull.

Outlining the company's strategy, Kingston Communications' CE, Steve Maine, said: "Our goal is to become a UK-wide communications company. Our strategy is built upon delivering broadband services and solutions...with a focus on small, medium and large enterprises." ®

Combat fraud and increase customer satisfaction

More from The Register

next story
Virgin Media so, so SORRY for turning spam fire-hose on its punters
Hundreds of emails flood inboxes thanks to gaffe
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
AT&T dangles gigabit broadband plans over 100 US cities
So soon after a mulled Google Fiber expansion, fancy that
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
EE & Vodafone will let you BONK on the TUBE – with Boris' blessing
Transport for London: You can pay, but don't touch
Turnbull gave NBN Co NO RULES to plan blackspot upgrades
NBN Co faces huge future Telstra bills and reduces fibre footprint
NBN Co plans fibre-to-the-basement blitz to beat cherry-pickers
Heading off at the pass operation given same priority as blackspot fixing
NBN Co in 'broadband kit we tested worked' STUNNER
Announcement of VDSL trial is not proof of concept for fibre-to-the-node
prev story

Whitepapers

Mobile application security study
Download this report to see the alarming realities regarding the sheer number of applications vulnerable to attack, as well as the most common and easily addressable vulnerability errors.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.