Nov 26 (Reuters) - British telecoms provider KCom Group Plc reported a 5.4 percent drop in first-half profit, hurtpartly by increased investment in infrastructure and broadbandfibre deployment services in the Hull and East Yorkshire region.
Kcom Group, which caters to enterprise and public sectororganisations across UK, said it remained confident about thegroup's longer-term prospects and success, and expected thefull-year outturn to be in line with market expectations.
The company also said it would split the roles of itschairman and chief executive. Bill Halbert, the currentexecutive chairman, will assume the role of group chiefexecutive in April 2014. Board member Graham Holden will takeover as non-executive chairman.
KCom said profit before tax fell to 24.7 million pounds($39.9 million) in the six months ended Sept. 30 from 26.1million pounds a year earlier. Revenue fell 1.7 percent to 185.5million pounds.
The company expects to take a future revenue hit of 5million pounds due to regulatory changes, including the outcomeof the wholesale narrowband market review.