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James Halstead profits up

By BFN News | 07:32 AM | Thursday 31 March, 2016

James Halstead - the manufacturer and international distributor of commercial floor coverings - posts a pre-tax profit of GBP23.0m for the six months to the end of December, 7.5% up on last time. Revenues at GBP114.7 million were down by 2.1% but on a constant exchange rate basis rose by 2.9%. Operating profit rose to GBP23.3 million - an increase of 7.7%and the interim dividend is increased to a record 3.5p - up 11.4%. Chief executive Mark Halstead said: "We continue to build on the robust performance of the last 15 years and despite having the strength of sterling as a strong headwind to our exports in the first half we have again reported a record profit." Story provided by

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