(Alliance News) - Commercial flooring firm James Halstead PLC hiked its dividend Tuesday after annual profit and revenue hit record levels, and trading remained solid in the new financial year.
For the year ended June, pretax profit widened 3.4% to GBP48.3 million from GBP46.7 million the year prior. This was after revenue rose 1.4% to GBP253.0 million from GBP249.5 million the year before.
"Welcome news with record turnover, record profit and once again a record dividend," James Halstead Chief Executive Officer Mark Halstead said.
James Halstead proposed a 10.0 pence per share final dividend, up 3.6% from 9.65p the year prior. For the full year, the dividend rose 3.7% to 14.0p from 13.5p the year before.
James Halstead Chair Anthony Wild added: "Trading since our year-end continues to be solid, particularly in the UK. As a board we continue to consider the Brexit situation which seems never ending."
"I can only be confident of continued progress in the coming year", Wild.
Shares in James Halstead were up 1.6% at 511.80 pence in London on Tuesday.
By Ahren Lester; ahrenlester@alliancenews.com
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James Halstead (JHD)