Hargreaves Lansdown

James Halstead profits rise amid 'solid' trading

Wed 31 March 2021 09:08 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - Commercial floor coverings manufacturer and distributor James Halstead reported revenue of £130.45m in its first half on Wednesday, broadly level with the £130.39m it reported a year earlier.

The AIM-traded firm said its operating profit was up 3.9% year-on-year for the six months ended 31 December at £26.2m, while its pre-tax profit was ahead 3.35 at £26m.

Basic earnings per ordinary share were 3.2% firmer at 9.8p, as the board declared an interim dividend of 4.25p per share.

Cash at period end on 31 December stood at £74.4m.

"I am very pleased to report these improved figures and all credit to our workforce for their efforts in the face of great uncertainty and major challenges," said chief executive officer Mark Halstead.

"Trading continues to be solid."

At 0919 BST, shares in James Halstead were down 0.98% at 505p.

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.

    More AIM news from ShareCast

    No results were found