27 March 2024
JAMES HALSTEAD PLC
INTERIM RESULTS FOR THE HALF-YEAR ENDED 31 DECEMBER 2023
Strong H1 profitability and record interim dividend; solid margins and profit performance continue into H2
Key Figures
James Halstead plc, the AIM listed manufacturer and international distributor of floor coverings, announces its results for the six months ended 31 December 2023:
Financial highlights
| · Revenue at £136.5 million (2022: £149.6 million) |
| · Operating profit at £26.2 million (2022: £23.1 million) |
| · Pre-tax profit at £27.4 million (2022: £23.2 million) |
| · Basic earnings per ordinary share 4.8p (2022: 4.3p) |
| · Interim dividend declared of 2.50p (2022: 2.25p) |
| · Cash of £62.4 million (2022: £44.3 million) |
The Chief Executive, Mr. Mark Halstead, commented:
“Against difficult markets we have raised profits and are confidently growing our export of UK manufactured goods across the globe. Once again, we have declared a record interim dividend to shareholders to reward their continued investment”.
Enquiries:
| James Halstead: | |
| Mark Halstead, Chief Executive | Telephone: 0161 767 2500 |
| Gordon Oliver, Finance Director | |
| Hudson Sandler: | |
| Nick Lyon | Telephone: 020 7796 4133 |
| Nick Moore | |
| Panmure Gordon (NOMAD & Joint Broker): | |
| Dominic Morley | Telephone: 020 7886 2500 |
| WH Ireland (Joint Broker): | |
| Ben Thorne | Telephone: 0207 220 1666 |