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31 Jul 2014 07:00
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31 July 2014
JAMES HALSTEAD PLC
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Pre-Close Trading Statement
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James Halstead plc, the commercial flooring manufacturer and distributor, is providing the following trade update ahead of its final results for the year to 30 June 2014.
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In the Chairman's statement announced on 31 March 2014, it was reported that the first half year had been challenging with turnover only 1.7% ahead of the prior year comparative but that there were improved sales in the period January - March. This stronger period of trading has continued through April - June and though there has been a strengthening of Sterling this has not impacted on margins due to offsetting factors (principally raw material costs). Inevitably, the strength of Sterling will affect the translation of overseas profits.
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In conclusion, as a result of improved trading conditions it is expected that profit before tax for the full year will exceed last year.
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Cash balances remain healthy and dividend expectations will be met for a 38th year of increased dividends.
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Enquiries: Β | |
Mark Halstead, Chief Executive | |
Gordon Oliver, Finance Director | Telephone: 0161 767 2500 |
Michael Sandler - Hudson Sandler | Telephone: 020 7796 4133 |
Paul Chamberlain - Altium Capital | Telephone: 020 7484 4040 Β |
Chris Hardie - Arden Partners | Telephone: 020 7614 5900 |
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