REG - James Halstead PLC - AGM Statement

James HalsteadAnnouncement

01/12/2023 07:00

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RNS Number : 2938V  James Halstead PLC  01 December 2023

 

1 December 2023

JAMES HALSTEAD PLC

(the 'Group')

 

Chairman's Statement to the Annual General Meeting

 

James Halstead plc, the commercial flooring company, is holding its 108(th)
AGM today at 12.00 noon at which the Chairman, Mr Anthony Wild, will make the
following statement:

 

"Firstly, let me welcome you all to our AGM.  Customarily, I give a short
update on trading for the first few months of our financial year.

 

Today we will approve our final dividend of 5.75p per ordinary share - yet
another record dividend which marks the 47th year of increase.

 

In the first five months trading of the current financial year I can report
that, whilst our major markets face strong competition, we are seeing improved
output and profits which are materially ahead of the comparatives. We are
confident of achieving full year market expectations of improved bottom line
results and exceeding the half year comparatives, as well as extending our
track record of increased dividends.

 

In addition, cash levels are also materially ahead of prior year comparatives
for the five months.

 

I and the Board remain positive about the medium-term prospects for the Group
as a whole."

 

- Ends -

 Enquiries:
 James Halstead:
 Mark Halstead, Chief Executive              Telephone: 0161 767 2500
 Gordon Oliver, Finance Director

 Hudson Sandler:
 Nick Lyon                                   Telephone: 020 7796 4133
 Nick Moore

 Panmure Gordon (NOMAD & Joint Broker):
 Dominic Morley                              Telephone: 020 7886 2500

 WH Ireland (Joint Broker):
 Ben Thorne                                  Telephone: 020 7220 1666

 

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