Coronavirus Update

James Halstead Plc - Issue Interim Results

This content has been sourced from: https://www.investegate.co.uk/james-halstead-plc/r...

 

James Halstead Plc

Interim Results for the Half-Year ended 31 December 2019

Key Figures

James Halstead plc, the AIM listed manufacturer and international distributor of commercial floor coverings, reports:

 

 

  • Revenue at £130.4 million (2018: £125.8 million) - up 3.7%
  • Operating profit at £25.3 million (2018: £24.5 million) - up 3.0%
  • Pre-tax profit at £25.2 million (2018: £24.5 million) - up 2.8%
  • Basic earnings per ordinary share 9.5p (2018: 9.1p) - up 4.4%
  • 1st Interim dividend proposed of 2.125p
  • Cash at £64.3 million

 

The Chief Executive, Mr. Mark Halstead, commented:

"In the first half, we have supplied flooring to installations as diverse as the   Folies Bergère in Paris and to the Pooch Perfect TV set for Network Seven in Australia and, with profits growth and robust cash balances, it was a satisfying performance.

However, the world has changed since the turn of the year and we are focused on the security of our businesses and the immediate challenges of the Coronavirus (COVID- 19). The focus of our business has moved to our expertise in healthcare as the immediate need in many of our markets for flooring is in this sector."