Pre-Close Trading Statement

RNS Number : 8001N

James Halstead PLC

31 July 2014

 



                                                                                                            31 July 2014

JAMES HALSTEAD PLC

Pre-Close Trading Statement

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.

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.

In conclusion, as a result of improved trading conditions it is expected that profit before tax for the full year will exceed last year.

Cash balances remain healthy and dividend expectations will be met for a 38^th year of increased dividends.

Enquiries:
Mark Halstead, Chief Executive
Gordon Oliver, Finance Director	Telephone: [phone]
Michael Sandler - Hudson Sandler	Telephone: [phone]
Paul Chamberlain - Altium Capital	Telephone: [phone]
Chris Hardie - Arden Partners	Telephone: [phone]

 

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