James Halstead PLC Pre-Close Trading Statement (7504F)
01 August 2016 - 7:00AM
UK Regulatory
TIDMJHD
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: 0161 767 2500
Nick Lyon - Hudson Sandler Telephone: 020 7796 4133
Ben Thorne, Andrew Potts - Panmure Gordon (Nomad and Joint Broker) Telephone: 020 7886 2500
Chris Hardie - Arden Partners (Joint Broker) Telephone: 020 7614 5900
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)