KCOM's first half in line with expectations

KCOM Group, the communications solutions provider, said that it performed in line with expectations during the first half ended September 30th.In a brief trading update on Monday, KCOM's Executive Chairman Bill Halbert said that the group continues to make progress towards achieving its long-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," Halbert said.KCOM provides communication, consultancy, telecoms and broadband services across a wide range of consumer, business and public sectors. The FTSE 250 company, which has a market capitalisation of around £470m, said that net has increased during the period as expected but should fall in the second half to meet market forecasts by the end of the fiscal year.First-half figures are due to be revealed by November 26th.The stock has gained over 23% since the start of 2013, closing on Friday at a price of 90.09p.BC