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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
James Halstead Plc | LSE:JHD | London | Ordinary Share | GB00B0LS8535 | ORD 5P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-1.00 | -0.50% | 199.00 | 197.00 | 199.00 | 200.00 | 196.50 | 196.50 | 140,464 | 15:49:36 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Hard Surface Floor Cover,nec | 303.56M | 42.4M | 0.1017 | 19.67 | 833.51M |
TIDMJHD
RNS Number : 0200W
James Halstead PLC
06 December 2019
6 December 2019
JAMES HALSTEAD PLC
Chairman's Statement to the Annual General Meeting
James Halstead plc, the commercial flooring company, is holding its 104(th) AGM today at 12 noon at which the Chairman, Mr Anthony Wild, will make the following statement:
"As is customary, I would like to give you an update on trading now that we are five months into the current financial year.
Firstly, I am pleased to announce we have continued our long record of increased dividend payments with the proposed final dividend of 10p being paid today. Our cash balances remain robust although the new rules on accelerated quarterly UK corporation tax payments, with six instalments in the financial year, will mean a one-time effect of some GBP4 million.
I would also like to make note that it's the 25(th) anniversary of the introduction of the Expona brand to our businesses and since then we have sold over 65 million square metres of this luxury vinyl tile.
The trading environment in the UK is challenging and across all markets large projects are keenly contested by all manufacturers. Nevertheless, trading is ahead of last year and I can report that amongst the projects we have supplied are installations as diverse as Pizza Pino on the Champs-Elysées in Paris, the RNZAF air base in Ohakea, New Zealand and the Thon Hotel in Gardermoen, Norway.
It was noted in our Annual Results, announced on 1 October 2019, that we had in the first three months seen solid progress, particularly in the UK. At this time, some five months into the trading year, we have continued to see modest growth in turnover and profit."
- Ends -
Enquiries: James Halstead: Telephone: 0161 767 2500 Mark Halstead, Chief Executive Gordon Oliver, Finance Director Hudson Sandler: Telephone: 020 7796 4133 Nick Lyon / Nick Moore Panmure Gordon (Nomad and Joint Brokers): Telephone: 020 7886 2500 Dominic Morley Arden (Joint Broker): Telephone: 020 7614 5900 Andrew Simms
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
AGMUNUWRKSAURRA
(END) Dow Jones Newswires
December 06, 2019 03:30 ET (08:30 GMT)
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