James Halstead PLC Pre-Close Trading Statement (7504F)

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RNS Number : 7504F

James Halstead PLC

01 August 2016

1 August 2016

Pre-Close Trading Statement

James Halstead plc, the commercial flooring manufacturer and distributor, is providing the following trading update ahead of its final results for the year to 30 June 2016.

In the Chairman's statement announced on 31 March 2016, it was reported that the first half year profit before tax was 7.5% ahead of the prior year comparative but early trading in the second half was challenging. Nevertheless, the Chairman expressed he had every expectation of continued progress in the second half year.

During the majority of the year Sterling traded at a higher level than the prior year presenting challenges to our overseas turnover, which is in excess of 60% of total turnover. Just before the year end, late in June this reversed drastically, which bodes well for the new financial year.

Trading through to 30 June 2016 has been solid and profit before tax for the full year will be ahead of last year, in line with market expectations and at the highest level in the Company's history.

 
 Enquiries: 
 Mark Halstead, Chief Executive 
 Gordon Oliver, Finance Director                                      Telephone: [phone] 
 
 Nick Lyon - Hudson Sandler                                           Telephone: [phone] 
 
 Ben Thorne, Andrew Potts - Panmure Gordon (Nomad and Joint Broker)   Telephone: [phone] 
 
 Chris Hardie - Arden Partners (Joint Broker)                         Telephone: [phone] 
 

This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014.

This information is provided by RNS

The company news service from the London Stock Exchange

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August 01, 2016 02:00 ET (06:00 GMT)