Kingston profits triple
Revenue up 8 per cent
Kingston Communications PLC has seen profits soar with revenue up eight per cent in the first half of the year.
For the six months ended 30 September the Hull-based telecoms firm said pre-tax profit tripled to £10.3m with sales up to £241.9m.
The group, which specialises in telephone, TV, and internet services, said it is confident about trading in the second half of the financial year and has announced that it is to increase its interim dividend by nearly 67 per cent to 0.65p a share.
Kingston chairman Michael Abrahams said: "This has been a good half year. Sales momentum has been strong, we have seen continued growth across the business and we expect this trend to continue in the second half. We continue to trade in line with expectations."
Shares in Kingston are currently trading at 68.25p on the London Stock Exchange. ®