Record year expected as Halstead hits 100

JAMES Halstead , the international commercial flooring manufacturer and distributor,  is on track to deliver another year of record profits.

The group, which is celebrating its centenary of manufacturing in Radcliffe this year, updated investors ahead of its results for the year to June 30.

It said: “In the chairman’s statement announced on 31 March 2015, it was reported that the first half year turnover was 5.7% ahead of the prior year comparative but that there were challenges for the second half with the strength of Sterling. Notwithstanding headwinds the chairman expressed confidence of progress.

“Trading through 30 June 2015 has been solid and profit before tax will be ahead of last year, in line with market expectations and at the highest level in the company’s history.”

The company, well known for its Polyflor brand,  has been listed for more than 50 years, and moved to the AIM market in 2002. It has been run by a member of the Halstead family since its creation by textile treatments entrepreneur James Halstead in 1915.

 The company added: “In this, the 100th year of manufacturing in Radcliffe and with healthy cash reserves we are confident that our full year dividend will be another record marking our 40th year of increased dividend.”

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