LONDON (Alliance News) - Safestyle UK PLC Thursday reported growth in profit in the first half of 2015 as revenue rose on the back of increased prices and a rise in the volume of frames installed, as well as media and online marketing.
The retailer and manufacturer of PVCu replacement windows and doors said that pretax profit in the six months ended June 30 rose to GBP8.8 million from GBP8.6 million in the first half of 2014, as revenue grew 6.9% to GBP74.0 million from GBP69.2 million.
It said that sales were boosted by growth in leads generated from media and online marketing, an increase in the volume of frames installed, and a rise in average unit price.
Safestyle raised its interim dividend by 9.7% to 3.4 pence from 3.1p the year before.
"We continue to execute our strategies of increasing market share and geographic expansion and, although wider market conditions remain subdued, we have entered the second half of 2015 in a strong position," Chief Executive Steve Birmingham said in a statement.
"Order intake since the half year has been buoyant, helped by our improved consumer finance offer which we launched on June 1 and our recently introduced conservatory upgrade product which is gaining momentum. We remain confident of delivering a full year outturn in line with market expectations," he added.
Shares in Safestyle were trading down 2.4% at 240.00 pence at the open on Thursday.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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