(Reuters) - British telecoms company KCom Group Plc (>> KCOM Group PLC) said annual core earnings would come in slightly ahead of its expectations, thanks to a multi-year rebate on its Hull and East Yorkshire network infrastructure.
Investec analysts said they expected the windfall from the rebate to be about 3 million pounds. The brokerage has a "buy" rating on the stock.
Analysts, on an average, were expecting the company to report EBITDA of 64.4 million pounds, according to Thomson Reuters I/B/E/S. KCom earned 67.6 million pounds last year.
The company, which provides communications services for customers such as Aviva Plc (>> Aviva), said revenue performance for the year ending March 31 would be slightly below its expectations.
Shares in KCom were up 2 percent at 90 pence in thin trade at 0806 GMT on the London Stock Exchange.
(Reporting by Rahul B in Bengaluru; Editing by Saumyadeb Chakrabarty and Amrutha Gayathri)