Pre Close Trading Statement

RNS Number : 5371N

James Halstead PLC

01 February 2016

 

1 February 2016

JAMES HALSTEAD PLC

Pre Close Trading Statement

James Halstead plc, the commercial flooring manufacturer and distributor, is providing the following trading update ahead of its interim results for the half-year to 31^st December 2015.

In his AGM trading update, on 27 November 2015, Mr. Geoffrey Halstead noted that he had every expectation of progress in terms of profit despite the adverse effects of exchange rates.

Turnover has increased in each of the company's major markets on a constant currency basis though the translation of exports to sterling is against an adverse effect of 10-15%. Nevertheless the profit for the first 6 months trading is ahead of last year and in line with the board's expectations.

Confidence in the full year is unchanged and remains positive.

Enquiries:

James Halstead	0161 767 2500
Mark Halstead, Chief Executive
Gordon Oliver, Finance Director
Hudson Sandler	020 7796 4133
Nick Lyon
Panmure Gordon (Nomad and Joint Broker)	020 7886 2500
Ben Thorne Andrew Potts
Arden Partners (Joint Broker)         Chris Hardie	020 7614 5900

 

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