5 Dec 2014 07:00
5 December 2014
JAMES HALSTEAD PLC
Chairman's Statement to the Annual General Meeting
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: As is customary, I would like to give you an update on trading now that we are five months into the current financial year.
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.
I believe our first half results will be in line with management expectations.
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:
| |
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 | |
Arden (Brokers): | Telephone: 020 7614 5900 |
Chris Hardie | |
James Halstead (JHD)