‘Not bad at all’ – another record year for James Halstead

BURY flooring group James Halstead has delivered another set of record figures.

In the year to June 30 the group saw pre-tax profits rise 3.1% to £41.8m on revenues of £223.5m, up 3%.

It has also proposed a final dividend of 7p, up 16.7%. This makes a total for the year of 10p, up 14%.

Chief executive Mark Halstead said: “We remain on track to continue growth, and following a decade which has seen a financial crisis and a global construction contraction and in which we have doubled turnover, tripled our profit after tax and quadrupled the dividend, I can only say not bad at all.”

The group admitted that its performance has been helped by a “tailwind” from emerging markets. It has continued to expand internationally, working on Tesco stores in Poland, a Japanese school in India, a hospital in Azerbaijan and clothing shops in Russia.

Nonetheless UK income was at the heart of the results and this increased by 7%. Even in flat European markets the company saw its share grow by 3%.

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