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Samuel Heath sales up

By BFN News | 07:29 AM | Wednesday 04 November, 2015

Samuel Heath & Sons saw a much better first half of the trading year with sales of £6,061,000 as against £5,398,000 and profit before taxation at £437,000 as against £96,000. Chairman Sam Heath said: "It is even more pleasing to see the increase in operating profit to £542,000 (2014: £174,000). It should be pointed out however that this comparison is with a particularly difficult six months for the company last year. "Both the home market and export markets performed well during the period. As a result of this we were able to increase our labour force and authorise further purchases of machinery, which will come into operation in the second half of the year. "The order book has continued to be healthy but, as I have had to say so many times over the years, in a business such as our own things can change very rapidly. It is therefore extremely hazardous to forecast the results for the full year. "With our relatively strong balance sheet we have no hesitation in recommending the same again dividend of 5.5p (2014: 5.5p) to be paid on 21st March 2016." Story provided by

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