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Keycom PLC (KCO)

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Tuesday 11 October, 2011

Keycom PLC

Trading Statement


11 October 2011

                    Keycom PLC ("Keycom" or "the Company")                     
                               Trading statement                               

The Board of Keycom provides the following trading update prior to entering a
closed period in advance of the announcement of the results for the year ended
30 September 2011. The full year results are planned to be announced on 13
December 2011.

Preliminary results

Revenue for the second half of the year is £3.3 million, up 9% on the prior
year. Revenue for the twelve months to 30 September 2011 will, therefore,
exceed £6.7 million. This represents a year on year increase of approximately
10%.

The majority of that year on year increase in revenue has been derived from the
activities in the military sector. Revenue in that sector trebled in the year
ended 30 September 2010 over the prior year to £230,000. The revenue from the
sector has trebled again this year to £780,000. Management expects the take-up
of broadband services in the military sector to continue to increase
significantly over the coming twenty-four months.

The gross margin of 62% reported for the years ended 30 September 2009 and 2010
has been maintained in 2011.

Administrative expenses (excluding depreciation) are £1.3 million for the
second half of the year. This represents a total of £2.5 million for the year,
compared to £2.4 million in the prior year. The Company has increased the
number of sales staff during the second half of the year.

EBITDA for the full year will be in excess of £1.6 million, representing an
increase of 14% over the prior year.

Including a profit on disposal of fixed assets of £155,000, the Company expects
to report a pre-tax profit for the twelve months to 30 September 2011 of £
350,000 (2010: £97,000).

The Company has finished the financial year with cash balances of £430,000 at
30 September 2011 (2010: £470,000).

The Directors of the Company accept responsibility for the content of this
announcement.

ENQUIRIES

Keycom PLC
Rod Matthews, Chairman
Graham Robertson, Finance Director
T: 01785 717 777

IAF Capital Limited
Alex Benger
T: 020 7036 6701
                                                                                                      

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