30th Sep 2013 06:17
LONDON (Alliance News) - KCOM Group PLC (KCOM.L) said that the Group has performed in line with expectations during the first half year.
In its trading update, ahead of its interim results for the half year ending 30 September 2013, the company noted that net debt has increased since 31 March 2013 and expect it will reduce in the second half to be in line with market expectations at the end of the financial year.
Bill Halbert, Executive Chairman said, "I am pleased to report that the Group continues to make progress towards achieving its longer term objectives. The cash generative capacity of the Group means it is able to continue with its progressive dividend policy while continuing to invest in those areas that support the Group's ambition to achieve market leadership positions across all four brands."
Copyright RTT News/dpa-AFX
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