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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Heath (samuel) & Sons Plc | LSE:HSM | London | Ordinary Share | GB0004178710 | ORD 10P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 275.00 | 250.00 | 300.00 | 275.00 | 275.00 | 275.00 | 0.00 | 07:38:04 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Plumb Fixture Fittings, Trim | 14.72M | 931k | 0.3674 | 7.49 | 6.97M |
TIDMHSM
RNS Number : 2305E
Heath(Samuel) & Sons PLC
04 November 2015
SAMUEL HEATH & SONS plc
("the Company")
INTERIM REPORT
Half year ended 30 September 2015
CHAIRMAN'S STATEMENT
It is pleasing to report a much better first half of the trading year with sales of GBP6,061,000 as against GBP5,398,000 and profit before taxation at GBP437,000 as against GBP96,000. It is even more pleasing to see the increase in operating profit to GBP542,000 (2014: GBP174,000). 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.
Sam Heath
Chairman
4th November 2015
For further information, please contact:
Samuel Heath & Sons Plc John Park, Company Secretary 0121 772 2303 Zeus Capital Limited Dan Bate/Ross Andrews/Jamie Peel 0161 831 1512
Unaudited Interim Financial Report
For the Half Year ended 30 September 2015
CONSOLIDATED INCOME STATEMENT Half year Half year ended ended Year ended 30 September 30 September 31 March 2015 2014 2015 Unaudited Unaudited Audited Continuing operations GBP'000 GBP'000 GBP'000 Revenue 6,061 5,398 11,198 Cost of sales (3,083) (2,873) (5,873) -------------------- ----------------- ------------- Gross profit 2,978 2,525 5,325 Distribution costs (1,543) (1,521) (3,006) Administrative expenses (893) (830) (1,721) -------------------- ----------------- ------------- Operating profit 542 174 598 Finance costs (105) (78) (155) -------------------- ----------------- ------------- Profit before taxation 437 96 443 Taxation (87) (19) (49) -------------------- ----------------- ------------- Profit for the period 350 77 394 ==================== ================= ============= Basic and diluted earnings per ordinary share 13.8p 3.0p 15.5p CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Half year Half year ended ended Year ended 30 September 30 September 31 March 2015 2014 2015 Unaudited Unaudited Audited GBP'000 GBP'000 GBP'000 Profit for the period 350 77 394 Items that will be reclassified to profit or loss: Cash flow hedges (48) 39 58 (48) 39 58 Items that will not be reclassified to profit or loss: Actuarial gain/(loss) on defined benefit pension scheme 1,408 (833) (2,888) Deferred tax on actuarial (gain)/loss (255) 167 578 1,153 (666) (2,310) Total comprehensive income for the period 1,455 (550) (1,858) CONSOLIDATED STATEMENT OF FINANCIAL POSITION At At At 30 September 30 September 31 March 2015 2014 2015 Unaudited Unaudited Audited GBP'000 GBP'000 GBP'000 Non current assets Intangible assets 156 303 184 Property, plant and equipment 1,471 1,620 1,475 Deferred tax asset 1,058 941 1,313 2,685 2,864 2,972 Current assets Inventories 3,388 3,034 3,157 Trade and other receivables 2,066 1,723 2,085 Derivative financial instruments 7 37 56 Cash and cash equivalents 1,887 1,785 1,648 7,348 6,579 6,946 Total assets 10,033 9,443 9,918 Current liabilities Trade and other payables (1,133) (949) (1,126) Current tax payable (159) (135) (72) (1,292) (1,084) (1,198) Non current liabilities Retirement benefit scheme (5,292) (4,707) (6,568) Deferred tax liability (58) (110) (58) (5,350) (4,817) (6,626) Total liabilities (6,642) (5,901) (7,824) Net assets 3,391 3,542 2,094 Capital and reserves Called up share capital 254 254 254 Capital redemption reserve 109 109 109 Retained earnings 3,028 3,179 1,731 Equity shareholders' funds 3,391 3,542 2,094 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY Share Capital Retained Total capital redemption earnings equity reserve GBP000 GBP000 GBP000 GBP000 Balance at 31 March 2014 254 109 3,887 4,250 --------- ------------ ----------------- ----------- Equity dividends paid - - (158) (158) --------- ------------ ----------------- ----------- Profit for period - - 77 77 Other comprehensive loss for the period - - (627) (627) --------- ------------ ----------------- ----------- Total comprehensive loss for the period - - (550) (550) --------- ------------ ----------------- ----------- Balance at 30 September 2014 254 109 3,179 3,542 --------- ------------ ----------------- ----------- Equity dividends paid - - (140) (140) --------- ------------ ----------------- ----------- Profit for period - - 317 317 Other comprehensive loss for the period - - (1,625) (1,625) --------- ------------ ----------------- ----------- Total comprehensive loss for the year - - (1,308) (1,308) --------- ------------ ----------------- ----------- Balance at 31 March 2015 254 109 1,731 2,094 --------- ------------ ----------------- ----------- Equity dividends paid - - (158) (158) --------- ------------ ----------------- ----------- Profit for period - - 350 350 Other comprehensive income
(MORE TO FOLLOW) Dow Jones Newswires
November 04, 2015 02:00 ET (07:00 GMT)
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