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31 Mar 2021 | 09:08

James Halstead profits rise amid 'solid' trading

(Sharecast News) - Commercial floor coverings manufacturer and distributor James Halstead reported revenue of £130.45m in its first half on Wednesday, broadly level with the £130.39m it reported a year earlier. The AIM-traded firm said its operating profit was up 3.9% year-on-year for the six months ended 31 December at £26.2m, while its pre-tax profit was ahead 3.35 at £26m.

Basic earnings per ordinary share were 3.2% firmer at 9.8p, as the board declared an interim dividend of 4.25p per share.

Cash at period end on 31 December stood at £74.4m.

"I am very pleased to report these improved figures and all credit to our workforce for their efforts in the face of great uncertainty and major challenges," said chief executive officer Mark Halstead.

"Trading continues to be solid."

At 0919 BST, shares in James Halstead were down 0.98% at 505p.
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