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5 Dec 2014 07:00
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5 December 2014
JAMES HALSTEAD PLC
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Chairman's Statement to the Annual General Meeting
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James Halstead plc, the commercial flooring company, will hold its 99th AGM today at 12.00 noon at which the Chairman, Mr Geoffrey Halstead, will make the following statement:Β As is customary, I would like to give you an update on trading now that we are five months into the current financial year.
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It is gratifying to report that this, our centenary year, has every expectation of being a new record in terms of turnover and profit. In my report on the results for the year ended 30 June 2014 I noted growth in turnover both in the UK and in our overseas markets. At this point we are around 5% ahead of the comparative year in terms of turnover.
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I believe our first half results will be in line with management expectations.
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Our cash balances continue to be solid underpinning the 7p dividend paid today which is an increase of 16.7% on that of last year. In this hundredth year I have every expectation that dividend will again increase- which will be the 40th year of growth. A special year, indeed.
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Enquiries: Β | |
James Halstead: | Telephone: 0161 767 2500 |
Mark Halstead, Chief Executive | |
Gordon Oliver, Finance Director | |
Hudson Sandler: | Telephone: 020 7796 4133 |
Nick Lyon | |
Altium (Nominated Advisors): | Telephone: 020 7484 4040 |
Ben Thorne | |
Β Arden (Brokers): | Telephone: 020 7614 5900 |
Chris Hardie | |
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