Coronavirus Update

James Halstead Plc - Latest Preliminary Results

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JAMES HALSTEAD PLCPRELIMINARY ANNOUNCEMENT OF AUDITED RESULTS

FOR THE YEAR ENDED 30 JUNE 2020

"It was the best of times (in the first three quarters), it was the worst of times (in the last quarter). A creditable performance."

Key Figures

 

Revenue at £238.6 million (2019: £253.0 million) - down 5.7%

 

Profit before tax £43.9 million (2019: £48.3 million) - down 9.2%

 

Earnings per 5p ordinary share of 16.5p (2019: 18.2p) - down 9.3%

 

Final dividend per ordinary share proposed of 10.0p (2019: 10.0p) which with the interim dividends of 4.25p (2019: 4.0p) takes the total dividend to 14.25p (2019: 14.0p) - an increase of 1.8% and once again a record dividend

 

Cash £67.4 million (2019: £68.7 million)

Mr Mark Halstead, Chief Executive, commenting on the results, said :

" In a year that was on track to be our best ever, the global pandemic challenged our teams across the world and it is pleasing to note that we were not found wanting. We undertook many notable projects as diverse as the renovation of Moscow subway trains and NATO barracks in Lithuania. The year started with dealing with the effects of a major production line breakdown through to a record half year in terms of sales and profit followed by a final three months of pandemic disruption. Against the backdrop I rate our team's performance as five star."