James Halstead increases 2012/13 interim dividend by 10% & pays 7p Special

DividendMax Ltd.

James Halstead increases 2012/13 interim dividend by 10% & pays 7p Special

James Halstead plc, the AIM listed manufacturer and international distributor of commercial floor coverings, reports:

 

 

Operating profit increased to a record £21.3 million - an increase of 2.1%

 

Pre-tax profit increased to a record £21.6 million - an increase of 2.2%

 

Basic earnings per ordinary share increased to a record 7.7p - an increase of 6.9%

 

Interim dividend increased to a record 2.75p - an increase of 10%

 

Net cash at £51.9 million

Proposed special dividend of 7.0p

 
     

The Chief Executive, Mr. Mark Halstead, commented:

"Having, once again, achieved record profits and with a bulwark of a strong balance sheet it is pleasing to announce another special dividend. But it is clear market conditions are not easy, it has been difficult for many companies since the financial crisis of 2008 affected us all. We have since that time raised turnover by 54% and profit by 193% which is clearly testimony to our strength."

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