LONDON (Alliance News) - KCOM Group PLC said Friday full year trading and leverage levels remained in line with expectations but it anticipates cutting its final dividend ahead of a new strategy update from its boss.
For its year ending March, the telecommunications firm confirmed trading and net debt levels remain "in line" with market expectations.
The firm also expects to propose a final dividend per share of "not less" than 2.0 pence per share.
For its year ended March 2018, KCOM paid a 4.0p per share final dividend. This was after it reported pretax profit of GBP34.0 million on revenue of GBP301.9 million.
KCOM also warned the announcement of the findings of a strategy review will now take place on April 26. The new strategy was expected to be outlined next Wednesday by new Chief Executive Graham Sutherland and Chief Financial Officer Anna Bielby.
Shares in KCOM were 0.6% lower at 69.60p on Friday.