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Trading Statement

30 Sep 2013 07:00

RNS Number : 1760P
KCOM Group PLC
30 September 2013
 



 

 

 

30 September 2013

 

KCOM Group PLC - Trading Statement

 

KCOM Group PLC ("the Group") issues the following trading update, ahead of its interim results for the half year ending 30 September 2013, due to be announced on 26 November 2013.

 

Current Trading

 

During the first half year, the Group has performed in line with expectations.

 

As we anticipated, net debt has increased since 31 March 2013 and we expect it will reduce in the second half to be in line with market expectations at the end of the financial year.

 

Commenting on trading, Bill Halbert, Executive Chairman stated, "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."

 

 

ends

 

 

For further information please visit: www.kcomplc.com

 

 

Enquiries:

Bill Halbert, Executive Chairman / Paul Simpson, CFO

KCOM Group PLC

020 7422 8707

 

Cathy Phillips, Investor Relations

KCOM Group PLC

07778 335735

 

Matt Ridsdale/Lulu Bridges/Mike Bartlett

Tavistock Communications

020 7920 3150

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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