James Halstead increases its 2015 full year dividend by 11.4%

DividendMax Ltd.

James Halstead increases its 2015 full year dividend by 11.4%

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

Revenue lower at £114.7 million - a decrease of 2.1% (on a constant exchange rate basis increased by 2.9%)

Operating profit higher at £23.3 million - an increase of 7.7%

Pre-tax profit higher at £23.0 million - an increase of 7.5%

Basic earnings per ordinary share 8.6p - an increase of 10.3%

Interim dividend increased to a record 3.5p - an increase of 11.4%

Net cash at £55.9 million

The Chief Executive, Mr. Mark Halstead, commented:

"We continue to build on the robust performance of the last 15 years and despite having the strength of sterling as a strong headwind to our exports in the first half  we have again reported a record profit".

Companies mentioned