REG - James Halstead PLC - Pre-Close Trading Statement <Origin Href="QuoteRef">JHD.L</Origin>

James HalsteadAnnouncement

06/09/2014 22:42

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RNS Number : 8001N
James Halstead PLC
31 July 2014 
 
31 July 2014 
 
JAMES HALSTEAD PLC 
 
Pre-Close Trading Statement 
 
James Halstead plc, the commercial flooring manufacturer and distributor, is
providing the following trade update ahead of its final results for the year
to 30 June 2014. 
 
In the Chairman's statement announced on 31 March 2014, it was reported that
the first half year had been challenging with turnover only 1.7% ahead of the
prior year comparative but that there were improved sales in the period
January - March. This stronger period of trading has continued through April -
June and though there has been a strengthening of Sterling this has not
impacted on margins due to offsetting factors (principally raw material
costs). Inevitably, the strength of Sterling will affect the translation of
overseas profits. 
 
In conclusion, as a result of improved trading conditions it is expected that
profit before tax for the full year will exceed last year. 
 
Cash balances remain healthy and dividend expectations will be met for a 38th
year of increased dividends. 
 
 Enquiries:                                                   
 Mark Halstead, Chief Executive                               
 Gordon Oliver, Finance Director    Telephone: 0161 767 2500  
                                                              
 Michael Sandler - Hudson Sandler   Telephone: 020 7796 4133  
                                                              
 Paul Chamberlain - Altium Capital  Telephone: 020 7484 4040  
 Chris Hardie - Arden Partners      Telephone: 020 7614 5900  
 
 
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