James Halstead plc, the AIM listed manufacturer and international distributor of commercial floor coverings, announces its results for the six months ended 31 December 2022:
JAMES HALSTEAD PLC
INTERIM RESULTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2022
Record turnover; confident in long-term progress
James Halstead plc, the AIM listed manufacturer and international distributor of commercial floor coverings, announces its results for the six months ended 31 December 2022:
Financial highlights
| · Revenue at £149.6 million (2021: £136.7 million) |
| · Operating profit at £23.1 million (2021: £25.5 million) |
| · Pre-tax profit at £23.2 million (2021: £25.4 million) |
| · Basic earnings per ordinary share 4.3p (2021: 4.7p) |
| · Interim dividend declared of 2.25p (2021: 2.25p) |
| · Cash of £44.3 million (2021: £69.4 million) |
The Chief Executive, Mr. Mark Halstead, commented:
“These last three years have seen our businesses challenged by numerous unexpected factors that have added to costs significantly and to the complexity of the simple business of designing, manufacturing and selling commercial flooring. The bottom line results show a small dip in profits at the half year but this, in the view of the board, is a creditable performance.”